N100,000 loan grossly inadequate, farmers tell Kogi govt.

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Lokoja- All Farmers Association of Nigeria (AFAN) Kogi chapter, on Saturday said the N100, 000 loan grant farmers by the state government was grossly inadequate.
AFAN Secretary in the state, Mr Ademu Halidu, told the News Agency of Nigeria (NAN) in Lokoja that the amount was too small for any farmer work with.
“It is most unfortunate that at this present time, farmers would be given a token sum of N100, 000 each as loan. The amount is too small for any farmer work with.
“What about the stress and the rigour the farmers passed through before they were able access the loan.
“Apart from the smaller amount, the process undertaken by farmers before getting the loan in terms of bank and documentation is too cumbersome for any rural farmer.

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“Farmers are also demanded by the bank open an account and pay a compulsory deposit of N10, 000 before accessing the fund.
“AFAN are saying that the amount is too small in this era of mechanised farming with new innovations of farm inputs, which determine the farm output products,” Halidu said.
The secretary said that the in-house crisis in the state AFAN and Cooperatives Federation of Farmers was responsible for the association’s failure press home its demands with the state government.
He promised that the crisis would be resolved within the next two weeks and that AFAN would re-unite present their case before the state government.
Meanwhile, Halidu had criticised the decision of the state Commissioner for Agriculture, Mr Zacchaeus Atte, disburse the loan directly to individual farmer without channeling it through AFAN.
NAN reports that Kogi State Government, through the Bank of Agriculture (BOA) has commenced the disbursement of N750 million worth of loan to farmers in the state.
Each farmer was expected to pay N10, 000 compulsory fee before accessing the N100, 000 loan. (NAN)