Agriculture
‘NigeriaNeeds N40trn To Dev Agric’
The Managing Director of Bank of Agriculture (BOA), Dr Mohammed Santurak has disclosed that Nigeria Will require about N40 trillion to meet the agricultural needs of the country.
Dr Santurak Stated this in Kaduna when the Minister of Agriculture and Rural Development Professor Sheikh Abdullah Visited the Bank recently.
According to him the nation’s apex agricultural financial institutions (BOA) needed more funds to provide adequate financial and advisory service to the development of agricultural sector.
He hoped that if the government could provide adequate fund for agricultural sector, more agricultural projects would be executed in many state of the federations to tackle the problem of food security.
Commending on the achievement of the Bank of Agriculture, the managing director explained that the bank had in the past 10 years disbursed N41 billion to 600 enterprises across the country.
Apart from that, he also pointed out that the bank sponsored 20 large-scale projects each worth more than N100 million as well as disbursed N3 billions to 12 states as loan.
In the same vein, he said the bank created about 6.5 million jobs while 600 co-operative societies and 30 institutions collaborated with the bank to achieve its mandate in the years under review.
According to him, in 2001, the sum of N50 billion was earmarked for the recapitalisation of the bank but only N20 billion was released in 13 different instalment within eight years.
He used the opportunity to appealed to the minister to look into the problem facing the bank and ensure that the bank’s recapitalisation was completed to enable it achieve its mandate.
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FG, Ogun Distribute Inputs To 2,400 Farmers
Federal Government and the Ogun State Government, on Wednesday, distributed farm inputs to farmers as part of effort to address food security challenge.
The State Director, Federal Ministry of Agriculture and Food Security, Dr. Toyin Ayo-Ajayi, during the flag-off ceremony of Inputs Redemption Under The National Agricultural Growth Scheme-Agro Pocket (NAGS-AP), in Ogun State, disclosed that beneficiaries of the gesture were primarily rice, maize and cassava farmers across the State.
Ayo-Ajayi commended the Ogun State Government for partnering with the government at the centre for the effort in supporting farmers with inputs that would bring about yieldings for local consumption and likely exportation.
She noted that government is supporting rice, cassava and maize farmers with inputs worth N212,000; N189,000 and N186,000 respectively.
The Permanent Secretary in the State Ministry of Agriculture, Mrs Kehinde Jokotoye, who represented the Commissioner in the Ministry, Bolu Owotomo, stated that traditional farmers are critical in food production, hence the need to encourage and support them with inputs that would bring about desired results during harvesting.
Owotomo said: “Let us make good use of this opportunity, so that the success of this phase will make farmers benefit more from the state and federal governments of Nigeria.”
Earlier, State Coordinator, Federal Ministry of Agriculture and Food Security, Dr. Oluwatoyin Ayo-Ajayi, appreciated the present administration for partnering with the federal government for the initiative, adding that the programme is designed to support farmers at the grassroots level in cassava, rice and maize with inputs such as, seeds, pesticides, herbicides and fertilizers, to boost their production and enhance their livelihood.
