Niger State collaborates with Bank Of Agriculture for Agric financing

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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.

Collaboration
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.

 

Confidence Okwuchi