AFAN To Screen N1bn Agric Loan Applicants

All Farmers Association of Nigeria (AFAN), Kebbi chapter, has said that it will screen prospective applicants for the commercial agricultural credit scheme.

The chairman of the chapter, Alhaji Bello Kalgo, said this on Wednesday in Birnin Kebbi while addressing farmers.

Our source reports that each state of the federation is to access N1 billion from the N200 billion commercial agriculture loan provided by the Federal Government.

The CBN is administering the fund in collaboration with some designated commercial banks.

Kalgo said the screening would ensure prompt repayment of the loan to enable other applicants to benefit.

He said that besides boosting farmers’ productivity, the scheme would also provide more employment opportunities as well as increase the revenue accruing from their farming activities.

The chairman said that the state government had guaranteed the loan with no interest attached.

He said the association was ready to attract more support to farmers in the areas of timely release of fertiliser, modern farming implements, seedlings and pesticides, especially in areas devastated by flooding last year.