Abuja—Minister of Agriculture and Rural Development, Dr. Mohammad Abubakar, will, on Thursday, unveil the ‘Hello Tractor’ innovative ‘Pay-As-You-Go’, PAYG, tractor financing for increased agricultural productivity and job creation in Nigeria.
A release by Ministry of Agriculture and Rural Development, the main launch, scheduled to hold at the International Conference Centre, Abuja, follows an earlier soft launch, which witnessed the presentation of seven tractors to beneficiaries across three locations in the country, which include Nasarrawa, Abuja and Enugu states.
The PAYG tractor financing is an innovation to support smallholder mechanisation, food security and rural entrepreneurship in the country. The initiative is facilitated by Hello Tractor in partnership with Heifer International.
Heifer International, a non-profit organisation on a mission to end global hunger and poverty, is providing funding for the project through its AyuTe Africa Challenge Competition platform as part of its strategic goal of assisting over one million farmers in Africa reach a sustainable living income by year 2030.