BOA Gives N375m Loan To 15,000 Farmers

In an effort to encourage cassava production in Adamawa, the Bank of Agriculture allocated the N375m loan facility to 15,000 farmers.

Nigerian women are selling cassava at the market

Nigerian women are selling cassava at the market

This was made known today during the interview with Alhaji Lawal Umara, Chairman, Borno Cassava Farmers Cooperative Union in Maiduguri. According to him, the farmers from the 27 local government areas of the state received not only the loan in the amount of N375m but also about 10,000 bundles of cassava seedlings.

First of all, the initiative is directed to expand cassava production for domestic consumption and for export; and to ensure food security in Adamawa and the country on the whole. Also at least 100 hectares of farm in each of the 27 local government areas were secured for cassava farmers.  

Umara said that some of the members were also empowered to produce different varieties of cassava. Meanwhile the authorities plan to teach 2,700 women farmers who lost their farmlands due to the destructive activities of rebels in some local government areas.

“The women would be trained on how to make biscuits, bread, cakes, doughnuts, pies, rolls and chin-chin, among items,” Alhaji Lawal Umara said.

Cassava production is vital to the economy of Nigeria as the country is the world’s largest producer of the commodity. The crop is produced in 24 of the country’s 36 states. The major states of Nigeria which produce cassava are Anambra, Bendel, Benue, Cross River, Imo, Oyo, and Rivers, and to a lesser extent Kwara and Ondo.

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