The Bank of Agriculture (BOA) has said that it will assist the Agro-allied Agricultural Commodities Cooperative to access loans from the Central Bank of Nigeria.
The N220 billion loan is set aside by the Federal Government to be disbursed through the Central Bank of Nigeria to Nigerian farmers.
During a meeting with agro-allied farmers in Abuja, the Representative of the BOA, Mrs Attimah Rufina, appreciated the efforts of the farmers to partner BOA in accessing their loans.
“We appreciate your struggle to make BOA your partner. BOA is part of the N220 billion loan; we are part of the committee that the Federal Government set up for the loan.
“We are prepared to go with you to the CBN. They are still the one to bring out the money for us in the BOA to give to you farmers.
The BOA representative, however, noted that one of the challenges of the bank is recovery of loans from the farmers. She urged the leadership of the agro-allied to partner with the bank in order to help recover the loans from the farmers.
In her response, the Coordinator of the Agro-allied Cooperatives, Professor Victoria Adesuyi, pledged the support of the cooperative to recover any loan taken by its members. [SOURCE; TRIBUNE]