x

Cooperative get N734m loan to boost agric value chain

Nigerian first generation bank, Keystone Bank on Thursday said it has approved the sum of N734m through the Central Bank of Nigeria (CBN) CACs Programme to the Nigerian Farmers Group and Cooperative Society (NFGCS) to support agricultural value chain in Nigeria.

This came hours after the Central Bank of Nigeria (CBN) through its Director of Development, Mr Yusus Yila, announced the approval of N432 billion to support farmers for the 2020 planting season.

Akinsanmi Falaki, Divisional Head, North and Public Sector Directorate, Keystone Bank Plc, confirmed the approval during a final inspection tour to the NFGCS’s farm settlement in Ga’ate, Nasarawa State.

During the visit, he noted that the bank was also committed to increasing the loan offer based on established value and structures, which greatly exceeded their expectations.

According to him, “this is my third visit to a farm in my entire life but I have never seen anything like this considering the size of the infrastructures here.”

He said, “Unlike others, here you have a farming community where the key actors live in the farm to monitor the day to day operations of the farm.

“We have found a good partner in you and this has to do with the value you can bring on the table for mutual benefit and will continue to work closely with you to increase the relationship we have built overtime”, he added.

Hot this week

Ibom Air signs N200M sponsorship deal with Akwa United FC

By Ogenyi Ogenyi,UyoIbom Air and 2021 Nigeria Premier Football...

KADMAM Advocates Improved Maternal Health, Declares “No Child Should Die at Birth”

By Achadu Gabriel, KadunaThe Co-chairman of the Kaduna Maternal...

Kogi State Polytechnic Urges Prosecution of Staff Over Alleged Salary Fraud

By Noah Ocheni, LokojaThe Management of Kogi State Polytechnic,...

Dogara Mourns Rev. Uma Ukpai, Calls Him Spiritual Colossus and Faith General

The Chairman, Board of the National Credit Guarantee Company...

University Education Transformation Requires Collective Effort — Fagbemi

By Noah Ocheni, LokojaThe Attorney General of the Federation...

FCT Fights Non- Compliance of Vaccination of Children

... Targets 2. 6 M children in FCT...

Issa- Onilu’s digital drive in NOA

By Paul OdenyiAs Mallam Lanre Issa-Onilu marks two years...

NOA: Value of Vision

By Tolu MedunaOn 3rd November 2023, during a Strategic...

Ibom Air signs N200M sponsorship deal with Akwa United FC

By Ogenyi Ogenyi,UyoIbom Air and 2021 Nigeria Premier Football...

The Conflict in Dr Congo and It’s Impacts on the Great Lakes Region

By Babade Victor Temijope The renewed wave of violence...

Gov Alia Dissolves Lobi Stars FC Board, Management to Reposition Club for Better Performance

By Isaac Kertyo, MakurdiBenue State Governor, Rev. Fr. Hyacinth...

Related Articles

Popular Categories

spot_imgspot_img