ActionAid Nigeria has appealed to the Central Bank of Nigeria (CBN) and financial institutions to scale up the provision of loan facilities to women farmers, who have been described as making up 60 per cent of players in the agriculture sector.
ActionAid Food and Agriculture Programme Coordinator, Azubike Nwokoye, made the call during a roundtable on access to agricultural credit for smallholder women farmers.
He said: “That is why one of the strong recommendations is that the Federal Ministry of Agriculture and the State Ministry of Agriculture should create a budget plan, a yearly budget plan on strengthening access to credit. “Due to the security situation in the country and even issues of climate change, paying back the loan could be difficult. That is why we mentioned agricultural insurance to go hand-in-hand with the credit facilities.”
“For farming activities, it has been good and bad. For every woman, especially in accessing agricultural loans, it is very difficult. Government as you know is business-oriented and as you know is not favourable to rural women. The way it is designed makes it difficult for the average woman-farmer to access.
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