Agriculture
CBN Advises Public Servants On Farming
Public Servants have been urged to go into farming in line with the Federal Government’s diversification policy.
The principal manager, Development Finance Office, Central Bank of Nigeria, (CBN), Port Harcourt Branch, Mrs Augustine Osuya, made the call during a sensitization outreach, organized for the Nigerian Security and Civil Defence Corps (NSCDC) in Port Harcourt recently..
She explained that there was need for Nigerians to be educated on the importance of agriculture as the farming season sets in.
According to her, in the face of the prevailing recession, agriculture has the capacity to boost the economy if Nigerians take advantage of various schemes that have been mapped out by the government.
“If we are producing fish or poultry, we will no longer import fish and chicken that is eating into our Forex”, she said.
The principal manager further urged public servants to key into the interest draw-back programme at the bank and get loans that would assist them into setting up farms.
“The loan and the interest is not a problem because the CBN has cushioned the effect of that interest, so as a farmer you borrow from the Agricultural Credit Guarantee Fund (ACGF),” she said.
She explained that by the time the borrower liquidates the loan, the CBN would be given a rebate.
The organizers of the outreach and the Rivers State commandant of the NSCDC, Mr Mohammed Haruna, stated that the programme was organized to encourage officers of the Corps to go into farming.
“One of the main reasons why we organized this programme has to do with the Federal Government’s policy of diversification from mono-economy to diverse economy.
“Everybody is talking about agriculture in order to provide food for all and increase foreign exchange” he said.
Haruna promised that the command was ready to assist any office that indicates interest to secure farmland to ease off initial challenges.
Loans acquired through the drawback programme enjoy interest rebate, where 40 per cent of the interest on the facility is paid back by the CBN to the borrower.
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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.
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