BOA Disburses N42bn to Rice Farmers in 3 Years

The managing Director and Chief Executive Officer of the Bank, Kabir Mohammed Adamu, has said that Over N42bn has been disbursed to rice farmers across the country as loan facilities by the Bank of Agriculture (BOA) since the Buhari- led Administration assumed office in 2015.

He added that over 1.2 million jobs were created across the agricultural value chain of the economy within the period.

He disclosed this at the maiden flag off of 2018 farming season jointly organized by the Bank and Kano state government at Bagauda Agricultural show ground in Bebeji local government area.

The MD, who lauded the achievements recorded in the agricultural sector last year, enjoined farmers nationwide to change their perceptions about agriculture saying, “farming is no longer an occupation that it used to be but a business.”

He disclosed that the sector had being the highest contributor to the economy’s Gross Domestic Product GDP in 2017 with about 26.1 percent of the total GDP and thus urged youths to key into it for the overall economic development of the country.


Source: Daily Trust

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