FCTA Disburses N500 Million Agric Loan To Farmers


Akin Akande, Abuja

The Federal Capital Territory Administration (FCTA) has disbursed N500 million under the agriculture loan scheme of the Central Bank of Nigeria to farmers as part of measures to boost agriculture and food supply in the territory.

The FCTA has also entered into a public-private partnership agreement with an Israeli Firm, SEC Equipment, to build an Agriculture Services and Training Centre in Abuja.

Minister of State for FCT, Oloye Olajumoke Akinjide, made this disclosure at the weekend during a courtesy visit by the management of the Bank of Agriculture led by the Managing Director and Chief Executive Officer, Dr. Mohammed Kudu Santuraki.

The Minister stated that the FCT Administration had keyed into President Goodluck Jonathan’s Agricultural Transformation Agenda aimed at revamping the agriculture business and ensuring food security in the country.

“Agriculture is one of the cornerstones of the President’s Transformation Agenda. The Growth Enhancement Support Scheme (GES) is one of the key initiatives under the Agricultural Transformation Agenda (ATA) aimed at diversifying the economy and enhancing foreign exchange earnings,” she said.

“The ultimate goal is to ensure that agriculture is practiced as lucrative commercial enterprise that is not only sustainable but also attractive to our youths and women. The FCTA is committed to the development of viable agricultural entrepreneurship through provision of free technical expertise and farm subsidies,” she explained.

Akinjide, who noted that the FCTA would partner with the Bank of Agriculture to grow the agriculture sector in the FCT, said the Agriculture Services and Training Centre, when completed and operational, would become a one-stop agriculture centre.