Kwara Farmers to Have Access to CBN N2b Loan

Kwara Farmers to Have Access to CBN N2b Loan

 

A loan of N2 billion has been approved by the Central Bank of Nigeria (CBN) to support commercial farming in Kwara State.

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For enquiries and details, call World Farmers Centre Admin on 08035219966 or WhatsApp us @+2348173030321.

CBN Governor, Mr Godwin Emefiele, who announced this on Friday in Edu Local Government Area of Kwara State, noted that the loan will attract a single digit interest rate of 9 percent.

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Mr Emefiele, who was in the state on a working visit to Shonga Farms, said the apex bank decided to come up with the N2 billion Commercial Agricultural Credit Scheme to assist farmers in the country. He described agriculture as another major source of foreign exchange for Nigeria and said the bank would continue to support the sector.

Speaking also during visit, the state Governor, Mr Abdulfatah Ahmed, thanked the CBN for throwing its weight behind agriculture.

He assured Mr Emefiele that Kwara State will adequately utilise the loan to boost the economy of the country

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For enquiries and details, call World Farmers Centre Admin on 08035219966 or WhatsApp us @+2348173030321.

According to him, his administration has come up with an Off-taker Demand Driven Scheme based on the lessons learnt from the Shonga model as a means of empowering farmers, creating jobs and establishing Kwara State as a major agriculture hub in the country.

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For enquiries and details, call World Farmers Centre Admin on 08035219966 or WhatsApp us @+2348173030321.

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