President Buhari Assures 2.4m Farmers Access To N600bn Loan Facility

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President Muhammadu Buhari, assured 2.4 million farmers to access 600 billion naira loan facility.

Buhari who was represented by the Minister of Agriculture and Rural Development, Dr Mohammed Abubakar, disclosed this at the opening ceremony of the World Food Day activities at the National Agricultural Show/Exhibition organised by the National Agricultural Foundation of Nigeria, along Abuja-Keffi Expressway, Nasarawa State.

According to him the 600 billion naira loan facility is through the Agro-Processing Productivity Enhancement and Livelihood Improvement Support project, APPEALS, with the aim of giving support to farmers across the country.

While speaking, he pointed that Nigeria is leading as largest producer of rice in Africa with a production level of 9 million metric tonnes.

Meanwhile, according to him, cassava production has increased from 58.47 metric tonnes in 2018, and even projected to rise to 93.6 metric tonnes by 2023.

The Central Bank of Nigeria (CBN) and the National Bureau of Statistics reports indicate that Nigeria’s national agricultural import bill also reduced from N1.2 billion to N1.1 billion.

He said The Federal Government is not resting on its oars in addressing challenges of the country’s agricultural sector.
However, the President also called on Nigerians to join hands in investing massively in the agricultural sector to avoid any food crisis predicted by the World, Food and Agriculture Organisation.
Meanwhile, the Chairman, Senate Committee on Agriculture and Chairman, Board of Trustee of the National Agricultural Foundation of Nigeria, Senator Abdullahi Adamu, in his welcome address stated that the Buhari-led administration has initiated Programmes and policies to boost agricultural activities of smallholder farmers.

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