The Nigerian Bank of Agriculture has expended about three billion Naira to farmers as loans in North Central part of the country, through the Anchor Borrowers Programme of the Central Bank of Nigeria by the Bank of Agriculture.
The Zonal Manager of the Bank in Minna, Mr Ibrahim Alamba stated this during a visit to the Secretary of the Niger State Government Ibrahim Matane on Tuesday.
Mr Alamba mentioned that the Bank through the anchor borrowers scheme was positively making effort in reaching out to the peasant in rural communities.
The Secretary to the Government of Niger State, Ahmed Ibrahim Matane explained that the State Government would continue to
collaborate with the Bank of Agriculture in order to give the Agricultural sector the desired attention.
The Niger State SSG in a message available to voice of Nigeria through his Media Aid, lamented on the over reliance on oil by the past administrations of Nigeria which really affected agriculture so much that people played down agricultural activities to the detriment of the nation’s economy.
“Niger state is endowed with abundant natural resources, which, if properly harness, will galvanize the state to economic buoyancy, stressing that agriculture is the major supplier of food in the State,” Ibrahim Matane said.
Supporting the Bank
He assured the Bank of Agriculture that the State Government would continue to
support the Bank’s activities with a view to achieving the set goals.
The Nigeria’s Apex Agriculture Bank was established in 1972 for the purpose of granting soft agricultural loans to peasant farmers around Nigeria.
The Bank has however passed through series of transformations by past governments of Nigeria with a view of harnessing it activities in achieving a desired aim.
Report shows that lingering insecurity in parts of the country is seriously affecting agricultural financing in terms of adequate disbursement and loan recovery.