• Wed. Apr 17th, 2024

FG Sets Aside #600bN for Agricultural Financing


Jun 30, 2020 #Farming, #FG, #News

Federal Government has earmarked N600bn to enhance farmer access to Agricultural Financing in the Country.

Minister of Agriculture and Rural Development Sabo Nanono made this known at the inauguration of the 2020 wet season rice cultivation support programme at Tofai community in Gabasawa Local Government Area of Kano State.

He said about 2.4 million farmers were targeted to benefit from the interest free facility, designed to encourage application of modern technologies in rice and cash crop cultivation.

Sabo  Nanono said the initiative would also support farmers to achieve improved productivity, self sufficiency and food security in the country.

The Minister confirmed that the programme was being implemented under the Agro Processing Productivity Enhancement and Livelihood Improvement Support Project.

He said the Ministry has commenced farmer registration exercise to capture their information, number of farmlands and locations.