Federal minister wants 50% free-loan interest to female farmers


The Central Bank of Nigeria(CBN) has been urged to make available,  a minimum of 50 per cent interest free loans to women farmers.

Pauline Tallen, the Minister of Women Affairs and Social Development and former Plateau State Deputy Governor, made the call  at the 2019 Agriculture Summit Africa, organised by Sterling Bank in collaboration with the World Bank and other stakeholders in Abuja.

The summit, with the theme: “Agriculture: Your Piece of the Trillion-Dollar Economy” has about 2000 participants with representatives from the U.S. and over 30 participants from African countries among others.

I am advocating that the CBN gives a minimum of 50 per cent interest free loan to Sterling Bank to support women farmers.

“Many of you might question its workability but it is possible, it can be worked out.

“Women are in the center of fighting poverty and the success story of food security because we have more female farmers across the nation.

“We can only get it right when we involve  large  chunk of women, who make up more than 51 per cent of the population of this country, actively because it is a number that cannot be ignored.

“All we need to do is to give them the necessary support and encouragement.

“Once we get it right by supporting women in the area of food security, we have solved half of our problem,” she said.

The minister stressed that the economy would grow optimally if women were fully integrated, adding that “women are the more productive and committed particularly in agriculture.”

The summit is a platform dedicated to creating a convergence of private and public sector players, investors and agriculture practitioners across the entire value chain to proffer solution to agricultural problems.