Thursday, 23 August 2012

Association Requests for N101bn Cassava Loan

 

Dr Sule Garba, the Niger State chapter of the association disclosed this in an interview with newsmen in Minna on Thursday.

Garba said that the national body of the association had presented the loan request of 100,000 NCGA members with an average of five-hectare farm per farmer to the federal government.

According to him, 500 members of the association in the state would be able to access the loan, if approved.

``I am expecting 500 members from the state to benefit from the loan in the 2012 cropping season because they have registered with us.

``The total loan required from Sept. 1, 2012 to the time of harvest next year is N101 billion, that is 500,000 hectares at N202,000 each.’’

He explained that between Sept. 1 and Oct. 15, 2012, N120,000 per hectare of land would be disbursed, bringing the total amount to be disbursed during the period to N60 billion.

According to him, all beneficiaries of the loan are expected to pay back by 2015.

He said that the national body had since commenced the registration of new members and the revalidation of old members.

Garba urged the state government to complement the efforts of the Federal Government toward making cassava a cash crop by encouraging farmers in order.

 

 

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