President Goodluck Jonathan, on Monday, asked the Central Bank of Nigeria, CBN, to grant N50 billion assisted fund for the purchase of agricultural equipment to farmers in the country.
The President’s directive was conveyed by Deputy President Namadi Sambo, who stood in for him, at the commissioning of a new 100,000 metric tonnes silo complex located at Kwali area in the Federal Capital Territory, FCT. The event also saw the launch of the Growth Enhancement Scheme, aimed at helping farmers hire agricultural equipment. Sambo noted that the establishment of agricultural equipment hiring centre would help to modernise the agriculture sector and enhance productive capacity of farmers. Sambo added that the Federal Government had directed that directed that 590 units of tractors, 500 power-tillers and harvest and post-harvest equipment should be given to women and youths involved in Agriculture. He listed as some of the advantages of the silo complex food security, reduction in post-harvest losses and development of strategic grain reserve.