Niger Delta
Edo:4,000 Farmers To Benefit From CBN Loan
No fewer than 4,000
farmers have been selected to benefit from the Central Bank of Nigeria (CBN)agricultural loan in Edo State.
The National Secretary of Federated Fadama, Mr Henry Ebole, disclosed this to newsmen in Benin.
Ebole said that the CBN initiative was part of the Federal Government’s effort to increase food production and guarantee food security in the country.
He said that the loan would be disbursed to the benefitting farmers through the Sterling Bank PLC.
“This agricultural loan from the CBN will be disbursed to farmers who are members of registered cooperative societies.
“Right now, we do not know how much each farmer will get. It is the bank that will determine the amount to be given to each farmer,” he said.
According to him, the distribution of the loan will be coordinated by Federated Fadama.
Ebole said that the loan would attract nine per cent interest, while the repayment period would be 12 months.
Niger Delta
NPC Unveils Digital Registration System In Delta
Niger Delta
Police Uncover Suspects’ Armoury … Recover Weapons In Delta
Niger Delta
Police Caution On Lawless Protests On Court Matters In A’Ibom
-
News2 days agoAmend Constitution To Accommodate State Police, Tinubu Tells Senators
-
Politics2 days agoSenate Urges Tinubu To Sack CAC Boss
-
News2 days agoDisu Takes Over As New IGP …Declares Total War On Corruption, Impunity
-
Business2 days ago
President Tinubu Extends Raw Shea Nuts Export Ban To 2027
-
Business2 days ago
Crisis Response: EU-project Delivers New Vet. Clinic To Katsina Govt.
-
Business2 days ago
President Tinubu Approves Extension Ban On Raw Shea Nut Export
-
Business2 days agoPENGASSAN Rejects Presidential EO On Oil, Gas Revenue Remittance … Seeks PIA Review
-
Business2 days ago
FG Pushes Cassava Bioethanol Drive To Boost Industrial Growth
