300, 000 farmers to benefit from BoI, Stanbic IBTC loans

Not fewer than three hundred thousand farmers are to access loans from Bank of Industry for farm products processing and another from Stanbic IBTC Bank for agricultural Small and Medium Scale Enterprises Investment Scheme in the South South geo-political zone of Nigeria.

Sequel to this, the Association of United Products Traders and Livestock Dealers of Nigeria is preparing her members from the South South Zone of Nigeria through a two-day workshop to be held in Benin City, Edo state on how best they could utilize the loans.

Briefing newsmen in Makurdi, Benue State, National President of the Association, Hon. Shima Isaac informed the South South Zone was next after the South East owing to its viability and the Association’s readiness to ensure that the zone did not only harness its agricultural potentials in the growth of the Nigerian economy but also embrace it far above petroleum.

Shima posited that if the South South would embrace agriculture, Nigeria would be on the verge of industralization which he noted remained the cardinal objective of the Association.

He emphasize that it was the solemn desire of the association that all farmers are prepared through training and facilitated to enable them feed Nigeria and the world in the near future.

He expressed gratitude to the Federal Government under the leadership of President Muhamadu Buhari for the initiative of providing enough incentives for farmers, saying the policy was surly going to enable Nigerian farmers bid farewell to poverty if sustained.

In his remarks during the media chat, National Director, Media and Publicity of the Association Comrade Timothy Hembaor added that already, the Association was in collaboration with the Bank of Industry and Stanbic IBTC Bank as well as other financial institutions.