FG approves N15bn loan to farmers at 1% interest rate

By Babajide Komolafe & Emmanuel Elebeke
The 19th Nigeria Economic Summit ended Thursday with the federal government accepting recommendations for cheap loans to farmers, by announcing a N15 billion loan at one per cent interest rate to farmers for the planting season through the Bank of Agriculture (BOA).

In addition to this, it also approved the privatisation for the Bank, and the Abuja Securities and Commodity Exchange (ASCE), and it is set to award contract for the 3000 mega watt Mabilla power plant.

Meanwhile the Nigeria Economic Summit Group (NESG) has called for enactment of relevant legislations to back and institutionalise key components of the on-going Agricultural Transformation Agenda (ATA).

Vice President Namadi Sambo announced this policy measures in closing remarks during the last session of the summit.
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