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Bank, Niger to partner on agricultural credit scheme

08 May 2013, 11:01

Minna - The Bank of Agriculture on Tuesday said it would work with Niger Government to provide N2 billion agricultural loan to 10 000 farmers and entrepreneurs in the state.

The Managing Director of the bank, Dr Mohammed Santuraki, said this during a courtesy call on the state Governor, Dr Babangida Aliyu, in Minna.

He said that under the arrangement, the bank and the government would provide equal counterpart funding of N1 billion each for the scheme.

Santuraki said more than 5 500 hectares of arable land would be cultivated under the scheme for rice, yam, cowpea, cassava, groundnut and fish.

He appealed to the governor to release the state's share of the counterpart fund.

He said beside the direct employment of 50 000 indigenes, the scheme would improve quality of lives of about 500,000 people in the next one year.

Responding, Aliyu directed the Commissioner for Agriculture, Alhaji Ibrahim Matane, to sign a memorandum of understanding with the bank.

He also directed that details of farmers and fishermen benefiting in the scheme should be compiled to enable the government to assess the performance of the facility.



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