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Kaduna set to disburse N1bn loan to farmers

BY NAOMI UZOR
Kaduna State government has  concluded plans to disburse one billion naira loan to its farmers.
Disclosing this at the just concluded Kaduna International Trade Fair,  Governor Mukhtar Yero, said this year, his administration has concluded plans to disburse one billion naira loan to its farmers, as part of a counterpart programme with the Bank Of Agriculture (BOA).

According to him, the state government will guarantee this loan at low interest rates, which will be distributed to farmers for the purpose of introducing modern commercial farming methods.
“Furthermore, provision has been made in the 2014 budget of the state, for the procurement of additional tractors and other mechanised farm implements, and these are for the use of farmers in the state.

Our aim is to empower our existing farmers and to also make farming attractive to the younger generations. I believe that agriculture holds the key to cutting down on the unacceptable rate of youth unemployment and social unrest that we are presently facing as a people” he stated.

He said his administration’s ultimate objective is to boost production in the agriculture sector, while also creating the enabling environment for establishment of more agro-allied industries.
“We believe that achieving food sufficiency and modern industrialised agriculture sector, holds the key to our sustainable growth and economic development.

 


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