Ogun State House of Assembly on Friday approved Governor Dapo Abiodun’s request to access N1.5 billion loan under the Central Bank of Nigeria (CBN) Anchor Borrowers’ Programme (ABP).
This was sequel to the adoption of a motion by Yusuf Sheriff (APC-Ado Ota I) and seconded by Sikiratu Ajibola (APM- Ipokia) at plenary.
Leading the debate on the motion, Olakunle Sobukanla (APC-Ikenne), stated that it was important for the state government to participate in the CBN programme by accessing the fund.
Sobukanla said that the loan would greatly enhance government’s wealth creation and employment generation efforts for the teeming youths.
Abayomi Fasuwa (APC-Ijebu North East) commended government for deeming it fit to participate in the CBN’s Anchor Borrowers Programme, noting that the programme would boost the agricultural sector of the state.
Also, Oludaisi Elemide (APC- Odeda) added that the programme would help create employment opportunities for youths and earn the state foreign exchange.
Governor Abiodun, while inaugurating the steering committee to oversee the state’s ABP, had said it would provide inputs, service support and training required for farmers through a single digit loan and a guaranteed off-taker.
He said the programme would be targeting over 40,000 farmers, of which 10,000 would be attended to in the first instance.
“In this programme, we are targeting the empowerment of over 40,000 farmers; we are going to be starting in the first instance with an initial 10,000 farmers to which we are going to allocate 10,000 hectares of land,” he said.
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