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Friday, December 16, 2016

Bank of Agriculture Disburses N21.5billion to 107,200 Farmers.

Bank of Agriculture, BOA, has given out over N21.5billion to 107,200 farmers nationwide disclosed by the Zonal Manager South-West Region, Mrs Idiat Folorunsho at the empowerment programme of the bank of Agriculture held in Osogbo, the state capital of Osun State. She emphasized that the dwindling oil revenue has forced a paradigm shift in strategy to promote agri-business. The Bank Of Agriculture (BOA),have come to terms with this new shift and has put in place necessary polices and schemes to promote agribusiness.The BOA has shown commitment to improve the agricultural sector by assisting young farming entrepreneurs to assist them in food production to ensure food security in the nation and reliance on agricultural products. The BOA has set aside a grant of about 40 billion naira to ensure implementation of programmes to help farmers,the most recent scheme is the Anchor Borrowers programme which support farmers by providing input and technical advice . The move towards the green fields emphasizes the fact that nations are great when farmers are as popularly said "Great farmers,Great Nation!!! No Farmer No Nation!!!