x

Oyo Govt. Lists Criteria For Disbursing N1Bn Loan To Farmers

The Chairman, Oyo State Agricultural Credit Corporation of Oyo State, (ACCOS), Sheik Taofik Akeugbagold, has listed the criteria being used to disburse the One Billion Naira loan to farmers to ensure geographical spread.

Akeugbagold made the revelation during a sensitization tour to the 7 geopolitical zones in the State which ended today.

The muslim cleric also said to access the N1b single digit interest loan under the Sustainable Action for Economic Recovery (SAfER) sub-committee, an applicant must be a duly recognized farmer.

Speaking further on the criteria for the disbursement at Oke Ogun Zone 1, Iseyin area, Sheik Akeugbagold, revealed that the reason for the tour was to interact and identify genuine farmers in the state.

He hinted that the corporation will guard against giving loans to ‘farmers on paper’, saying this would ensure that the targeted farmers benefit from the gesture.

The Chairman explained that after the sensitization exercise, Application forms could be gotten at each Local Government Council at the office of the Director of Agriculture.

He added that the ACCOS Field Officers and the identified Banks in each domain will be involved in the process.

Speaking on the conditions for qualification, the Chairman said the form can only be collected individually free of charge.

He stressed that the social media or internet is not a sales point, adding that no official of the Board or the Ministry of Agriculture will liaise with residents from the internet.

Akeugbagold said an applicant will need a Civil Servant, from Grade level 07 and above as guarantor, depending on the amount of loan requested.

According to him, “we are moving round the 7 zones of the State to sensitize farmers on the need and where to access the #1b loan under the SAfER Sub-committe of food security.

“The Forms would be out after the sensitization tour and they will be available for collection free of charge through the Directors of agric in their various councils, the severed banks and ACCOS adding that the form is not online.

“However, please note that group lending would not be entertained” the Board Chairman stressed.

In his remarks, the General Manager of the Board, Comrade Emmanuel Ogundiran revealed that farmers owing the Board, the State Government or any of the participating financial institutions would not have access, except if they are cleared by the Board or the participating institutions.

He hinted that the exercise would not be politicized in any form, saying that the Government through the Ministry of Agriculture and Rural Development has equally trained farmers on climate resilience.

He added that the government has put plans in place to enhance peaceful co-existence between herders and farmers, through continuous meetings with the affected parties.

In his address at Ibarapa Zone, the Commissioner 3, Civil Service Commission, Chief Ogunjinmi commended Governor Makinde for being a visionary leader whose efforts in the agricultural sector would forever be appreciated, urging the farmers to make judicious use of the loan when granted.

Hot this week

NCDMB Strengthens Local Content With New Certification System

The Nigerian Content Development and Monitoring Board (NCDMB) has...

FERMA Flag-off ‘Operation Safeguard the Road’ in Kogi

By Noah Ocheni, LokojaThe Managing Director/Chief Executive...

APC National Chairman, Prof. Nentawe, Empowers Traders with ₦50 Million Cash

By Israel Adamu, JosThe National Chairman of the All...

China, Nigeria Deepen Cultural Ties as 2025 Women’s Film Festival Opens in Abuja

The opening ceremony of the 2025 China Women’s Film...

Julius Berger strengthens team unity with Cultural Day celebration

By Lucy OmakpoTop-tier engineering and construction company, Julius...

China, Nigeria Deepen Cultural Ties as 2025 Women’s Film Festival Opens in Abuja

The opening ceremony of the 2025 China Women’s Film...

Langtang North Residents Applaud Council Chairman Tyem for One Year of Developmental Achievements

By Israel Adamu, JosResidents of Langtang North Local Government...

JUST IN: ISWAP Launches Deadly Attack on Military Base in Borno, Soldiers Feared Killed

Several soldiers are feared dead while others sustained injuries...

Today’s football match fixtures

Here’s a clean, reader-friendly rewrite of today’s global football...

Japan Plunges into Political Turmoil as Ruling Coalition Collapses

Japan was thrown into political uncertainty on Friday after...

Kogi Court Sentences 28-Year-Old Husseini Mustapha to Life Imprisonment for Rape

By Noah Ocheni, LokojaThe Kogi State High Court sitting...

Related Articles

Popular Categories

spot_imgspot_img