The Central Bank of Nigeria said it would offer single-digit loan to rice farmers in the Niger Delta area and provide index insurance for participating farmers.
This was contained in a statement signed by the Head, Press and Public Relations at the Ministry of Niger Delta Affairs, Patricia Deworitshe.
The statement said, “Ifechukwu also assured participating farmers of a guaranteed market price for their produce, explaining that the bank would give a single-digit interest loan for five years. Speaking at the meeting, Akpabio, who was represented by Permanent Secretary at the ministry, Adesola Olusade, reiterated the resolve of the ministry to key into the agricultural revolution in partnership with the CBN.
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