Cross River State Government Secures N500m Loan For Farmers

By Anietie Akpan, The Guardian Newspaper

Cross River State has set aside sum of N500 million as loan to farmers in preparation for post-COVID-19 era.The State Governor, Sen. Ben Ayade, disclosed this in Calabar at the inauguration of input distribution to farmers as part of palliatives against the COVID-19 pandemic.

Ayade, who said this in a statement by the Special Adviser to the Governor on Media and Publicity, Mr. Christian Ita, declared that “Cross River State has made a choice of agro-industrialization and the project pathway is organically connected with a kind of syntax that allows you enjoy the pleasure of the income stream that we have provided by making available a five per cent interest loan for all farmers in Cross River State by leaving the sum of N500 million with the Cross River Microfinance Bank.”

Ayade has described farming as a veritable leeway to prosperity, urging Cross River people, especially women, to go into farming. Ayade said: “Let me use this opportunity to say it very loud and clear that the future prosperity lies with farmers. If you don’t have a farm, you have no business in the 21st century.

Advert by CRWatch :Place Yours

“The post-COVID-19 pandemic has become very clear that only farmers have the capacity to survive even if all the doors are closed, and so I challenge everyone of you to own a farm and to show me indeed that your farm is working.”

Minister of Agriculture, Alhaji, Sabo Nanono, disclosed that the ministry was frantically working to ensure that Nigeria becomes self-sufficient in food production.

“This gathering is one of our efforts to work hand-in hand with State Governments and other relevant stakeholders to assist in ensuring food security, economic growth and job creation, especially in the face of COVID-19 Pandemic,” he said.

Short Link:

Since You Are Here, Support Good Journalism

CrossRiverWatch was founded on the ideals of deploying tech tools to report in an ethical manner, news, views and analysis with a narrative that ensures transparency in governance, a good society and an accountable democracy.

Everyone appreciates good journalism but it costs a lot of money. Nonetheless, it cannot be sacrificed on the altar of news commercialisation.

Consider making a modest contribution to support CrossRiverWatch's journalism of credibility and integrity in order to ensure that all have continuous free access to our noble endeavor.