Business

Ondo provides N3bn for farmers, small scale industialists

By  Olaunkanmi Akoni
Ondo State Governor, Dr   Olusegun Mimiko on Wednesday disclosed that a
um of Three Billion Naira has been  rovided for farmers and small cale industrialists with a view to boost food production and the   State’s industrial  rive.

The Governor who made this disclosure in Ido_Ani, in Ose local government area of the State during a Town Hall  meeting with the  people of the local government specifically urged farmers in the state  to avail themselves of  advantage of the N1 billion Agriculture loan  earmarked for them to boost food production in the state.
He also appealed to small scale industrialists and entrepreneurs to assess the N2 billion loans already made available  for small scale  entrepreneurs and business development in conjunction with the Bank of Industry (BoI).

He revealed that in its determination to encourage small scale industries, the State the state government has  assessed the N1 billion federal government Agric loan and also paid its N1 billion counterpart  contribution to the   Bank of Industry.

Mimiko stated further that the  state government has taken delivery of Mobile Agric Input shops, where farmers  across the state can  purchase farm inputs at subsidized rates.