Home Agriculture Food security:  Sokoto Commences Disbursement of N4bn Loan to Farmers

Food security:  Sokoto Commences Disbursement of N4bn Loan to Farmers

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Musa Na Allah Sokoto

The Sokoto State Government has commenced the disbursement of N4 billion loans to small and medium-scale farmers across the 23 Local Government Areas of the state.

The loan is secured from Zenith bank under the CBN Commercial Agricultural Credit Scheme meant to boost rice, wheat, and tomato production to enhance food security.

The state commissioner of Agriculture professor Aminu Abubakar Illela said the facility would also fast-track the development of Agriculture in the state.

The Commissioner whose Ministry is Supervising the Program noted that the disbursement of the N4 billion credit facility is part of the current administration’s effort to promote commercial agriculture and improved the lots of small and medium-scale farmers in the state.

According to him, Zenith bank which is the financing bank has already confirmed to the ministry that many farmers have since received the credit alerts.

He said Sixteen thousand (16000) farmers across the 23 Local government areas of the state would benefit from the credit facility.

Professor Illela further disclosed that farmers across the state have been categorized into three groups that include large, medium, and small scale for easy disbursements of the credit facility.

The Commissioner however stated that each farmer would be supported with cash, agricultural inputs such as fertilizers, chemicals, and improved seeds. 

He maintains that some farmers would also be selected to benefit from the grown value chains farming Scheme where they would be provided with Rice and wheat processing machines.

Prof. Illela assures three farmers would be selected from each polling unit in all the 23 local government areas of the state to benefit from the facility.

He said the state Governor Aminu Waziri Tambuwal initiated the program aimed at providing enabling environment for people of the state to engage in farming as a business, to feed themselves and the state.

While advising the beneficiaries to make the best use of the facilities, the commissioner says the mode of repayment is six months period.

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