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Home Entrepreneurship Farmers To Benefit From N4bn CBN Loan In Katsina
Farmers To Benefit From N4bn CBN Loan In Katsina

Farmers To Benefit From N4bn CBN Loan In Katsina

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Alhaji Shaibu Wakili, Chairman, Rice Farmers Association of Nigeria (RIFAN) in Katsina State has said that 17,400 farmers had been registered to benefit from the N4 billion loan package for dry season farming.

The Central Bank of Nigeria (CBN) has recently approved N4 billion loan package for dry season rice farmers in the state to enable them boost their production.

While interviewing with newsmen on Tuesday, Wakili said under the facility, each farmer was expected to cultivate between one and five hectares of land.

He said that each farmer would receive inputs, worth N276, 200 for the cultivation of the crop.

The inputs include seeds, fertilizer, spraying machine, liquid fertilizer, insecticide, water pumping machine and empty bags among others.

According to him, the companies contracted to supply inputs had delivered over 70 percent of the items to various centers.

He listed the centres to include Katsina, Daura, Kankia, Dutsin-ma, Malumfashi and Funtua.

Wakili said the programme aimed at improving rice production, reducing poverty and empowering the farmers.

He said the farmers would start to repay the loan after harvesting their produce.

 

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