BOA Floats N2bn Investment Facility

The Bank of Agriculture (BOA) says it would initiate a N2 billion facility to encourage investment in commercial agriculture and enterprises in Jigawa.

A Director of the Bank, Mr Guyap Waziri, made this known when he spoke at the second plenary of the maiden Jigawa Economic and Investment Summit in Dutse.

Waziri said the facility would be provided under a joint collaboration between the bank and Jigawa Government.

He explained that the bank would provide N1 billion while the State Government would contribute same amount to facilitate smooth running of the facility.

Waziri said the fund would be made available to investors wishing to invest in agriculture in the state.

“The facility is to encourage investment in commercial and agricultural enterprises at local levels.

“Agricultural financing is militating against commercial agriculture,” he said,

The director said the bank had introduced new programmes in line with the policy of the Central Bank of Nigeria.

According to him, the bank is providing low interest loans to small and large scale farmers to encourage Agricultural activity in the country.