Business
‘Farmers, Central To Nigeria’s Economy’

The Cross River State Deputy Governor, Prof. Ivara Esu, has stated that farmers remain the focus of the Nigerian economy as the State and Federal Governments diversify its economy from oil to agriculture.
Esu made this known during a sensitization workshop with the theme “Agric Loan Re-structuring and Rescheduling” organized by the Commercial Agric Credit Scheme (CACS) of the Ministry of Agriculture and Natural Resources, Calabar.
The Deputy Governor maintained that the workshop was necessary since some farmers who accessed loan facilities through the Ministry’s CACS could not repay them as at when due until the loan period elapsed.
He encouraged beneficiaries to pay back the loans to avoid them losing properties used in guaranteeing the loans.
Earlier in his welcome address, the Commissioner for Agriculture and Natural Resources, Prof. Anthony Eneji, noted that in 2012, the state government gave out a N1billion credit facility to 598 farmers and Agro entrepreneurs through the Commercial Agriculture Credit Scheme to support farmers move from subsistence to commercial farming. He, however, frowned at the unwillingness of some beneficiaries to pay back the loan until the period elapsed.
He called on defaulting farmers to take advantage of the workshop to meet with Commercial Agriculture Credit Scheme Management to restructure their outstanding loans and to stick to the new payment schedule so provided.
Also speaking, the Special Adviser to the Governor on Agriculture, Mrs. Ivonne Idem, appreciated the farmers and stakeholders for turning up for the workshop, noting that Governor Ayade has the interest of farmers and is ready to assist them with more loan facilities.
The SA called on farmers to realize that Re-structuring and Rescheduling organized by the Commercial Agric Credit Scheme remains the best option open to them and urged them to make use of the opportunity.
In a vote of thanks, the Director, Commercial Agric Credit Scheme, Mr. Alban Nwogu, thanked the deputy governor and farmers for making the workshop possible.
He pleaded with farmers not to see loans provided by government as national cake, but as a way to assist them and make their payment of their top priority.
Friday Nwagbara, Calabar