From CHARITY Uwakwe, Abia
The Bank of Agriculture, in collaboration with the federal Ministry of Agriculture has issued the whooping sum of N2.5b to South East farm families with a view to enhancing national economy through agriculture.
The MD and Chief Executive Officer, Bank of Agriculture, Kabir Adamu represented by Professor Gabriel Okenwa said that the Bank of Agriculture was poised to providing the needed financial support to encourage local food production through funds, Agro -imputs and mechanised farming.
Speaking at the flag- off of the 2019 National Farming Season by the Bank of Agriculture in conjunction with the Federal Ministry of Agriculture and rural development and Abia State Government at the International Conference Centre Umuahia, Abia state capital, Prof. Okenwa outlined that the BOA had embarked on some program such as Accelerated Agricultural Development Scheme, National Egg Production (NEGPRO) program, Expansion of the private sector led mechanisation program, etc.
In his address, he revealed that the Bank of Africa, as at June 20, 2019, administered facilitates worth N84.5b to 416,835 farm families to cultivate rice, maize, soya beans, cassava, wheat and cotton, on over 477,462.18 hectares of land, nation wide.
His words: “other enterprises include poultry, fish, G/nuts, soya bean, etc. Tree crops, Sesame, tomatoes and livestock are currently on the drawing board and would be implemented. Out of the this, N2.5b was disbursed to beneficiaries through out the south-east region”, he said.
In his remarks, Governor Ikpeazu assured that the poultry cluster being established across the three senatorial zones of the state by his administration would create ten thousand well fully operational jobs.
Governor of Imo State Chief Emeka Ihedioha represented by his deputy Hon. Gerald Irona lauded the giant strides of Governor Okezie Ikpeazu in the area of agriculture especially in oil palm revolution and assured that the government of Imo state will key into the initiative.
Also speaking, the president, Abia state corporative Federation and CEO, Lugans Ventures Limited, a Fertilizer blending Company, sir Lucky Uzoanya Nwanoniwu, said his association stood as a body to negotiate facilities for farmers, stressing that the event will give farmers exposure to high breed and other new products