Wednesday, 22 October 2014

Farmers News - Agriculture To Get Larger Chunk of CBN SME Fund

The objectives of the ATA to drive perception of agriculture as a business rather than a social project has started yielding results, as 60 percent of the ₦220 billion Small and Medium Enterprises  Development Fund approved by the Central Bank of Nigeria would be channeled towards the development of the agriculture sector.
This was disclosed at a recent press briefing in Abuja by the National President, All Farmers Association of Nigeria – AFAN, Kabiru Ibrahim.
He therefore urged farmers across the country to form co-operatives and apply for the loan in order to increase the country’s agricultural productivity, while outlining the challenges plaguing the sector to include the use of primitive tools by most farmers and the low involvement of able-bodied youths in the sector.
Acknowledging the efforts of the present administration to revive and re-position the sector, Ibrahim solicited for further assistance and intervention from the government to ensure enhanced productivity of Nigerian farmers to facilitate food security for the nation’s large population.

Source: http://agronigeria.com.ng/2014/10/20/agriculture-get-larger-chunk-cbn-sme-fund/

No comments:

Post a Comment