Business
C’River Maps Out 360 Hectares For Cassava Cultivation
The Cross River Government has mapped out 360 hectares of land for cassava cultivation under the Fadama 111 Additional Financing project in the state.
The state Coordinator of Fadama 111 Additional Financing project, Mr. Bassey Elemi disclosed this in an interview with newsmen in Calabar yesterday.
He said: “As I speak to you, a total of 36 business plans covering an area of 360 hectares of cassava farms have so far been approved for the take-off of the project.
“These farms are located in Akansoko, Akpabuyo Local Government Area; Nyanya Ulim, Bekwarra Local Government Area; and Wonye, Yala Local Government Area (100ha) respectively.’’
Elemi added that the farms in Akansoko and Wonye covered 100 hectares each, while the one in Nyanya Ulim covered 160 hectares.
He also said that more business plans covering 970 hectares of cassava farms had been submitted by various cooperative societies and were awaiting approval.
He said 12 of such business plans were from Alesi/Victoria in Ikom Local Government Area and 40 were from Nyanya Ulim.
Others were 10 business plans from Wonye and 35 from Bebi/Shikpeche in Obudu Local Government Area.
The coordinator said each of the business plans covered 10 hectares of land.
Elemi also disclosed that there were specified conditions for approval of the plans, including availability of contiguous land suitable for cultivation, membership of a cooperative society and a functional current account.
He also disclosed that N20 million had already been made available for disbursement to beneficiaries, noting that
the amount was part of the 200 million dollars set aside by the World Bank for the Fadama 111 Additional Financing project.
He advised beneficiaries to take the project seriously to guarantee the release of additional funds to the state.
He said “if we do very well in this implementation phase, it will give the state another opportunity to ask for more funds.
“It is the level of performance by the participating states that determines their qualification for additional funds.
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