M a r k e t N e w s
Nigeria: State Assembly Approves N1 Billion Loan for Commercial Farming
Posted on : Saturday , 19th March 2016
The Kano State House of Assembly has approved a request by the state governor, Abdullahi Ganduje, to obtain N1billion loan from the Central Bank of Nigeria to boost commercial farming in the state.
During the house emergency plenary on Thursday, the speaker, Kabiru Rurum, presented a letter signed by Mr. Ganduje seeking the house's approval.
Presenting the letter, Mr. Rurum said the request needed emergency approval of the house in order to contribute their quarter in boosting commercial farming in the state.
The speaker quoted the governor as saying that the loan, when obtained, would be distributed to farmers to boost their production capacity.
"If the state receives the loan and distributes to our farmers, it will assist them in producing goods in large quantity," he said.
The governor expressed optimism that the assistance would go a long way in solving economic challenges not only in the state but also in the country.
Source : allafrica.com
