CBN Approves N2b Facility for Poultry Consortium at
Shonga Farms.
The Central Bank of Nigeria (CBN) is to boost agriculture in
Kwara State with N2billon agriculture loan facility to Poultry
syndicate of Shonga Farms Holdings Limited.
The CBN Governor, Mr. Godwin Emefiele, who dropped the
hint while fielding questions from newsmen in Shonga, Edu
Local Government Area of Kwara State, after an inspection
of the farm, said the facility is to support the investor's
expansion plans.
The CBN governor, who expressed satisfaction with what he
witnessed on the farm, said the N2b will be provided at low
interest rate of 9%.
He also described his visit as an eye opener, noting that
there are several opportunities to tap from Shonga Farms
and the poultry value chain as a whole to improve the
country's economy.
The CBN Governor, therefore, praised the state government
for its initiative and called on other states of the federation
to emulate the Kwara commercial agriculture model as a
way of diversifying the economy.
He said Shonga Farms was a practical example of how
governments can collaborate with the private sector to
deliver real dividends of democracy such as jobs and agro-
allied prosperity.
Also speaking the Senate President, Dr Bukola Saraki
commended the state governor for sustaining the vision of
Shonga Farms and improving on it. He also appreciated the
CBN Governor taking accepting the invitation to visit the
farm and for approving the loan facility.
He explained that purpose of the visit was to identify
challenges confronting the farmers as well as new
opportunities available for investment at the farm.
Dr. Saraki also pledged the National Assembly's support for
agribusinesses in the country through the appropriate laws
and effective oversight of the relevant agencies.
On his part, the state Governor, Alhaji Abdulfatah Ahmed
thanked the CBN Governor and the Senate President, who he
described as the pioneer of commercial farming in Kwara
State, for the visit and support for agriculture in the state.
He said the state government has established an Off Taker
Demand Driven Scheme based on the lessons learnt from
the Shonga Model as a means of empowering farmers,
creating jobs and establishing Kwara State an a major
agriculture hub in the country.
CBN Approves N2b Facility for Poultry Consortium at
Shonga Farms.
The Central Bank of Nigeria (CBN) is to boost agriculture in
Kwara State with N2billon agriculture loan facility to Poultry
syndicate of Shonga Farms Holdings Limited.
The CBN Governor, Mr. Godwin Emefiele, who dropped the
hint while fielding questions from newsmen in Shonga, Edu
Local Government Area of Kwara State, after an inspection
of the farm, said the facility is to support the investor's
expansion plans.
The CBN governor, who expressed satisfaction with what he
witnessed on the farm, said the N2b will be provided at low
interest rate of 9%.
He also described his visit as an eye opener, noting that
there are several opportunities to tap from Shonga Farms
and the poultry value chain as a whole to improve the
country's economy.
The CBN Governor, therefore, praised the state government
for its initiative and called on other states of the federation
to emulate the Kwara commercial agriculture model as a
way of diversifying the economy.
He said Shonga Farms was a practical example of how
governments can collaborate with the private sector to
deliver real dividends of democracy such as jobs and agro-
allied prosperity.
Also speaking the Senate President, Dr Bukola Saraki
commended the state governor for sustaining the vision of
Shonga Farms and improving on it. He also appreciated the
CBN Governor taking accepting the invitation to visit the
farm and for approving the loan facility.
He explained that purpose of the visit was to identify
challenges confronting the farmers as well as new
opportunities available for investment at the farm.
Dr. Saraki also pledged the National Assembly's support for
agribusinesses in the country through the appropriate laws
and effective oversight of the relevant agencies.
On his part, the state Governor, Alhaji Abdulfatah Ahmed
thanked the CBN Governor and the Senate President, who he
described as the pioneer of commercial farming in Kwara
State, for the visit and support for agriculture in the state.
He said the state government has established an Off Taker
Demand Driven Scheme based on the lessons learnt from
the Shonga Model as a means of empowering farmers,
creating jobs and establishing Kwara State an a major
agriculture hub in the country.
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