Information reaching OyoAffairs right now has confirmed that the The Oyo State House of Assembly has approved a two billion naira loan request for Anchor Borrowers’ Programme.
This approval is coming on the heels of a letter sent to the State House of Assembly by Governor Seyi Makinde which was read on the floor of the House by the Speaker Rt. Hon Adebo Ogundoyin.
According to the letter the two billion naira loan will be collected from Fidelity Bank under the Anchor Borrowers’ Programme (ABP), an initiative of the Central Bank of Nigeria (CBN) for the Agricultural sector.
The loan will be targeted at small scale farmers to engaged in the production of food commodities such as Maize, Rice and other food crops.
Commenting on the loan, the Deputy Speaker of the State Assembly, Hon. Abiodun Fadeyi said the Anchor Borrowers Programme will increase the productivity of small scale farmer in the state and enhance food security.
Full details will be given in subsequent news bulletins…
BREAKING: Gov Makinde Gets Approval for N2Billion Agric Loan from State Assembly
IFRAME SYNC
You may also like
About the author
OyoAffairs
Oyo Affairs is an independent news media with the main focus on Oyo state news, politics, current events, trending happenings within and around Oyo state, Nigeria
Am into agriculture before ,what I need now is capital ,I mean loan that will make my production to move the more at the same time my discipline is agric extension and management and I will pay back the loan immidatelly 6 month, Thanks.
You can check this out https://feedbackoysg.com/oyo-state-n1-billion-msme-fund/