94 Farmers Got N48.4m As Agric Input Finance In Kaiama Says, Oyin-Zubair
In the first phase of the agric input finance project facilitated by a foremost grassroots development enthusiat, Kayode Oyin-Zubair ninety four farmers have received various sums amounting to N48m in some selected communities in Kwara State.
Oyin-Zubair noted this in a letter of appreciation to the international funder that provided the fund for practising farmers under All Farmers Association of Nigeria (AFAN) in Kaiama local government area of the State.
The initiative was muted by His Royal Highness, the Kwozi of Wozibe, Alhaji Ahmed Ibn Mohammed, who saw a need for the farmers to scale up their activities in this season by adopting new methods in agricultural production.
Alhaji Mohammed a one time member of the state house of assembly and big-time farmer, believes that farmers must adopt new techniques owing to climate change.
There would be a need to use machineries in both pre-planting and planting operations. The use of harvesters is equally inevitable if farmers must operate optimally. He added that farmers should adopt hybrid seeds to replace recycled seeds.
The farmers who are grouped in clusters received various sums depending on the farm size. The fund, which is CBN monitored and NAIC insured, will only be refunded after harvest. Farmers who pay promptly will have 40% refunded on their interest.
As farmers expressed happiness and satisfaction with the project. The second phase will be completed in August. Then, preparation and documentation for the dry season farming will start in earnest.
According to the promoter of the project, the firm that provided the fund has a top notch agric desk and business department, which made the process seamless and profitable to all the farmers in the selected communities.
Oyin-Zubair submitted that an off take arrangement that can mob more than N1bn farm produce has been entered for the farmers in the area, among others.
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