The Kwara State government has set up a 215 million Naira commercial agricultural loan scheme to boost agricultural activities, which 217 farmers across the 16 Local Government Areas of the state will benefit from.
While presenting cheques to some of the beneficiaries who received between one and one point five million Naira each, the state governor, Abdulfattah Ahmed, encouraged the farmers to make judicious use of the funds to expand their businesses.
Governor Ahmed also noted that the initiative would take the State a step closer to achieving its dream of agro-driven growth as well as the launch of the off-taker demand driven scheme, which would extend agribusiness to other parts of the state.
He emphasised that the 172 lead farmers were the core of his administration’s model of 10 out-grower farmers per local government, who will receive funds to expand their businesses because they had proven their capacity to drive agribusinesses.
The governor charged the beneficiaries to be change agents that would train the next generation of commercial farmers in the state in their various communities, stressing that they should judiciously apply the funds disbursed to them for the establishment of agriculture as the pivot of Kwara State’s economic prosperity.