OGUN ASSEMBLY APPROVES N5BILLION NAIRA LOAN TO FARMERS

Ogun Assembly Approves N5BN CBN Credit Facility For Farmers
August 20, 2016 in Ogun News Leave a comment

The Ogun State House of Assembly has approved the state government’s request to access N5bn Commercial Agricultural Credit Scheme facility from the   Central Bank of Nigeria.
The approval followed a letter from the State Governor, Senator Ibikunle Amosun dated August 2, 2016, titled: “Request for approval to access N5bn credit facility under the Central Bank of Nigeria (CBN) Commercial Agricultural Credit Scheme (CACS)”, which was read at the plenary by the Speaker, Rt. Hon. Suraju Ishola Adekunbi.
The letter partly reads, “the State Government wishes to take advantage of the window availed to it by the Central Bank of Nigeria (CBN) in collaboration with the Federal Ministry of Agriculture for promoting commercial agricultural enterprises in the State by utilizing part of the funds approved in the 2016 approved Estimates on the Central Bank of Nigeria (CBN) Commercial Credit Scheme (CACS) as approved by the State Executive Council, in its resolution of 16th May, 2016”,
The House at plenary granted the approval through a motion for the approval of the fund, moved by the Majority Leader, Hon. Adeyinka Mafe, seconded by Hon. Bowale Solaja, and supported by the whole house through a voice vote after the Deputy Speaker had called for the suspension of order 17 (2) to give preference to the governor’s correspondence due to the importance of the scheme to farmers and the development of agriculture in the state.
According to the Deputy Speaker, “I just want to move that in view of the peculiarity of the request of the Governor and as we in the House of Assembly have done our own work thoroughly on the advantage of the facility to farmers in the State, I want to move sir, that you suspend order 17 (2), so that the letter can be given immediate attention”.
The Lawmakers said the move became imperative to support government’s desire to enhance agricultural enterprise in the state for massive food production and earn more foreign exchange.

Comments

Post a Comment

Popular posts from this blog

PLANT NURSERY, DEFINITION, TYPES AND MANAGEMENT

Image
Definition of nursery Nursery is a place where plants are grown, nurtured and sold out. Generally, various commercial crop growers require a good quality saplings or grafts of genuine type. Types of Nurseries  Nurseries are categorized in different ways.  I. According to time duration nurseries are classified in two types:  1) Temporary nursery – This type of nursery is developed only to fulfill the requirement of the season or a targeted project. The nurseries for production of seedlings of transplanted vegetables and flower crops are of temporary nature. Like wise temporary arrangement for growing forest seedlings for planting in particular area can also be done in temporary nursery.  2) Permanent nursery – This type of the nursery is placed permanently so as to produce plants continuously. These nurseries have all the permanent features. The permanent nursery has permanent mother plants. The work goes on continuously all the year round in this ...
Read more

Financial Services To Villages Achievable In 2020 – CBN Governor

The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele on Thursday said plans to render financial services to villages across the country by the end of 2020 are on top gear just as it reiterate it commitment to a cashless society. Mr Godwin who made the disclosure at a two-day CBN fair tagged “Promoting Financial Stability and Economic Development” said the CBN now has a Central Complaints Center where customers can present their challenges and it will be resolved immediately. Represented by the Benin Branch Controller, Mr R.D Jumbo, the CBN governor said it became pertinent to sensitize the people on their rights and duties as a customer urging participants to be dedicated in preaching the gospel of the apex bank of actualizing a full cashless society by the year 2020. According to him, “The banking sector has improved to the extent that you can buy and transfer money with your phone. You can use your ATM to pay for goods in shops through POS. He said the programme ...
Read more

HEALTH BENEFITS OF FRUITS AND VEGETABLES

Image
Health Benefits of Fruits and Vegetables 1 Joanne L. Slavin 2 , * and    Beate Lloyd 3   Author Affiliations 2 Department of Food Science and Nutrition, University of Minnesota, St. Paul, MN; and 3 PepsiCo Nutrition, Global Research and Development, PepsiCo, Valhalla, NY ↵ * To whom correspondence should be addressed. E-mail: jslavin@umn.edu .                      Abstract Fruits and vegetables are universally promoted as healthy. The Dietary Guidelines for Americans 2010 recommend you make one-half of your plate fruits and vegetables. Myplate.gov also supports that one-half the plate should be fruits and vegetables. Fruits and vegetables include a diverse group of plant foods that vary greatly i...
Read more