Source: Punch

The Oyo State Government, on Wednesday, began the disbursement of N1 billion Agric Support Loan to farmers in the seven geopolitical zones of the state under the Sustainable Action for Economic Recovery. 

The State Commissioner for Agriculture and Rural Development, Olasunkanmi Olaleye, who presented the dummy cheques to the beneficiaries at the conference room of the ministry in Ibadan, the state capital, said the loan facility was strictly for farmers and that it is being issued strictly based on the merit of applications. Olaleye, who also doubles as the Chairman, SAfER Food Security Sub-Committee, noted that the agricultural loan support would reduce the cost of food and also sustain the economic recovery of the state. 

He added that qualified farmers will be able to access between N250,000 and N1 million based on the size of their farms, adding that the government had, under the food security component of SAfER, distributed farm inputs and maize grains to poultry farmers.