The Federal Government on Tuesday announced that it would provide zero interest financing options for two million smallholder farmers nationwide under its Agric for Food and Jobs Plan.
It said the plan was aimed at mitigating the negative impact of the COVID-19 pandemic on the country’s agricultural sector.
“This programme will be achieved through investment in the sector by way of providing zero interest input financing options such as fertilisers and seeds to farmers across the 36 states and the Federal Capital Territory to produce harvests that could be sold domestically and internationally,” he stated.
He explained that the scheme would link farmers to markets for off-take through out-grower schemes and improve crop yields per hectare. “The AFJP targets two million smallholder farmers across the 36 states of Nigeria and the FCT and aims to produce 10 million tonnes of food which include carbohydrates, animal protein and edible oils within the next 12 months.”
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