CBN disburses N16.4m to 97 cotton farmers in Edo
The Central Bank of Nigeria (CBN) on Wednesday distributed farm inputs and started the disbursement of N16.4 million loan to cotton farmers in Edo.
Central Bank of Nigeria (CBN)
Recommended articles
The items were 743 bags of fertilisers, 110 Knapsack Sprayers, 106 improved cotton seeds and 110 cartoons of chemicals.
“A total of 97 farmers have been screened and CBN will immediately start disbursement of N170, 000 to each farmer.
“We want to thank the CBN for the farm inputs and for giving us the opportunity to access the fund directly; very soon individuals will be receiving the money credited to their accounts in readiness for the project,’’ he said.
ADVERTISEMENT
The Commissioner for Agriculture and Natural Resources, Mr Monday Osaigbovo urged the beneficiaries to use the loans judiciously.
“The farm inputs and money given to you is for the cultivation of cotton in the state.
“And the state the government has set up machinery in place to monitor your farms and to ensure the increase of cotton production in the state.’’
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
How we reduced road traffic crashes by 42% – FRSC boss
Motorists express worry as long fuel queues resurface in FCT
Reno's $10,000 Challenge: I didn't build any school in Anambra, Obi opens up
Bullied student threatens Abuja school with lawsuit if abusers are not punished
EFCC withdraws appeal against Yahaya Bello
Gov Zulum wants Army to establish military base in Sambisa forest
2 Wike loyalists exit Fubara's cabinet as Governor reshuffles
Ganduje believes APC is the answer to Nigeria’s problems
Spate of deaths strikes Nigerian movie industry, Nigerians calls for action
ADVERTISEMENT
