Business National News Politics

Kano Govt Signs N3B deal with Bank of Agriculture

kano govKano state government has sealed an agreement with the Bank of Agriculture (BOA) for N2 billion counterpart fund to boost the agricultural projects in the state.

Under the agreement Kano state government will provide N1billion to access the fund, to help farmers of the state enhance their agricultural productivity.

Speaking shortly after signing the agreement, at the Government House Kano, the state governor, Rabi’u Musa Kwankwaso said the loan facility highlighted the seriousness of the state government in transforming the agricultural sector.

He explained that “peasant farmers from across the 44 local government areas of the state will be selected to benefit the loan and it is interest-free. It will go a long way in ensuring that our set goals in the agricultural sector”.

Governor Kwankwaso explained that agriculture is one of the priority sectors receiving serious attention from the state government, highlighting that government is taking proactive measures to exploit the numerous potentials in the sector for food security, job creation and revenue generation.

To improve the irrigation, he disclosed that the government decided to draw a comprehensive blueprint on utilizing the 23 dams in the state, noting that although the administration may not be able to execute the plan in totality, it will serve as a guide for the incoming administration.

The governor also disclosed that the government is now putting into good use the Tiga and Challawa dams by using them to generate power at cost over N14 billion.

On his part, the Executive Director of the Bank of Agriculture, Alhaji Waziri Amadu, said that BOA agreed to give the out the loan considering the seriousness of the state government in agriculture, pointing out that it is a pride for his bank to enter into the agreement.

Alhaji Amadu added that BOA has satisfied with various agricultural policies and programmes of Governor Kwankwaso and assured that BOA is ready to work with the Kano state to actualize its agricultural dreams.

Comments