Osun Okays N377.1m BOA Loan To Rice Farmers

Osogbo – Osun State Government has approved the request of its Ministry of Agriculture and Food Security to source for N377.1m from Bank of Industry (BOA) for mass plantation of rice in the state.

The loan would be made available to 1,000 rice farmers in three local government councils of the state to cultivate 1,000 hectares of rice farm land in the areas.

The approval was given at the weekly executive Council meeting held at Bola Ige House, Abere, Osogbo.

Briefing newsmen on the outcome of the meeting in Osogbo, the Media Adviser to Governor Rauf Aregbesola, Sola Fasure said that issue was extensively deliberated upon at the meeting before approval was given.

He said that the farmer under the auspices of Anchor Borrowers Programme (ABP) through which the Central Bank of Nigeria supported farmers that grows rice and other food crops noted that the local councils where the programme would hold are Ola-Oluwa, Egbedore and Ejigbo.

According to him,  the council deliberated extensively on and approved a request by the Ministry of Agriculture and Food Security for access to N377.1 million at the Bank of Agriculture by 1,000 rice farmers in Ola-Oluwa, Egbedore and Ejigbo Local Governments who will use it to cultivate 1,000 hectares of farmland.

“This is under the auspices of Anchor Borrowers Programme (ABP) through which the Central Bank of Nigeria (CBN) supports farmers who grow rice and other food crops.

He disclosed further that the council considered and approved that the sum of N2 billion be paid to Skill G Nigeria Limited for the upgrade and rehabilitation of nine Technical Colleges in the State.

These are the technical colleges in Osogbo, Gbongan, Ijebu Jesa, Otan Ayegbaju, Osu, Iwo, Inisa, Ara and Ile-Ife.

“ This is in line with the amicable resolution of the case instituted against the state by the firm. These technical colleges have also been designated as Life Academies where residents can be trained to acquire skills in diverse technical and vocational education for life sustenance and wealth creation.

The post Osun Okays N377.1m BOA Loan To Rice Farmers appeared first on Independent Newspapers Nigeria.

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Author: Gbenga Faturoti