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FOOD SECURITY: S’East farmers get N9.08BN from BoI

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By Chinedu Adonu

ENUGU—THE     Bank of Agriculture (BOI) said it has disbursed N9.08 billion to  farmers in the South East to stimulate agriculture in line with the programme of the Federal Government.

Speaking with newsmen in Enugu, the Managing Director of the bank, Mr Kabiru Mohammed said the move was part of efforts to diversify the economy and attain food security.

Mohammed said that the bank had the mandate of providing agricultural credit and non-agricultural micro-credit with a view to curbing poverty.

He, however, said that the amount so far disbursed in the zone fell below the expected target for the region considering the abundant opportunities in the area.

“Our bank and its stakeholders are making concerted efforts to curb all known challenges to agro-entrepreneurship to widen the space for more participation,” he said.

Kabiru said that most of their credit facilities were directed at women whom he said had suffered from neglect, chronic under-investment and regional protectionism.

“We know that lots of women in the rural areas are involved in agriculture but presently not being taken care of.

“They are poorly served by infrastructure, financial systems, scientific innovations or access to market and the results are reflected in poor levels of productivity.

“Our intention is to make sure our activities extend to them,” he said.

 

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