SAfER: Oyo Govt. Begins Distribution Of 1bn Agric Loan To Farmers

Agric Credit Corporations to farmers who have applied for the loans. A number of participating financial institutions are here and it is through them that the loans will be distributed to the farmers across the state.”

Earlier in his welcome address, the Chairman of Agricultural Credit Corporation of Oyo State (ACCOS), Sheik Taofeek Akeugbagold, said the exercise which would be in phases and cover all areas of agriculture such as crop, fishery, livestock and piggery, among others, has been captured and well-integrated under the food security component of the SAfER programme.

He enjoined the beneficiaries to see the loan support as a revolving fund and ensure that farmers are in production to their capacity with a view to sustaining and maintaining food security in the state.

Also contributing, the General Manager, ACCOS, Comrade Emmanuel Ogundiran explained that the process of selecting beneficiaries was transparent, fair and non-partisan and the legitimate farmers in the state are benefiting.

One of the beneficiaries of the loan facility, Mr Ajayi Lateef Kayode, from Ogbomoso, lauded the state government for the initiative, saying: “On behalf of myself and other beneficiaries, I say thank you to the governor. I promise that this loan will be utilised strictly for the business and we will pay back so that other people can benefit from it.”