Skip to main content

Ogun Anchor Borrowers loan’ll attract single digit interest

The Ogun State Governor, Prince Dapo Abiodun, on Monday said Ogun State Anchor Borrowers Programme (ABP) will provide inputs, service support and training required for farmers through a single digit loan and a guaranteed off-taker.

He spoke in Abeokuta while inaugurating the steering committee  to oversee the state’s ABP.

He said his administration was fully committed to providing an environment that would ensure a better life for the people of the state, adding that  under his leadership, the state would ensure the development of all sectors of the economy.

He said his government appreciates the immense potential of the agricultural sector.

According to him, the target of his administration was to attain self sufficiency in food by producing more, adding that providence had blessed the state with favourable climate, fertile soil that sits on over 16,000 square meters, of which 80 per cent is arable.


He said: “The target of our administration is to produce enough food to attain self sufficiency in food security in the short term and over the long term, produce enough food for other states and for export. “Providence have blessed us with favorable climate and fertile soil for agriculture, we sit on  a land mass that is over 16,000 sqm, 80 per cent of which is arable, that is we have over 12,800 sqm of arable land.”

He said government and the people should come together to chart a way forward for the development of agriculture in the state, adding that it was disheartening to note that the state had never accessed the Central Bank of Nigeria (CBN) ABP.

“While we have seen the success of the anchor borrowers scheme in other states, it is disheartening that Ogun State has never accessed the CBN ABP through the public window,” he said.

He said the inauguration of the committee was a practical demonstration of his administration’s commitment to the development of the agricultural sector, adding that the programme would be targeting over 40,000 farmers, of which 10,000 would be attended to in the first instance.

“In this programme, we are targeting the empowerment of over 40,000 farmers; we are going to be starting in the first instance with an initial 10,000 farmers to which we are going to allocate 10,000 hectares of land,” he said.

Comments

Popular posts from this blog

SANGO OTA, THE PALMS SHOPPING MALL TOLLGATE IS BACK

Do you remember the iconic Palms Shopping Mall at Tollgate Ota?  The wait is finally over as the massive shopping destination returns bigger, better, and fully transformed! Introducing SINOMART — a world-class Chinese retail superstore set to redefine shopping in Ogun State with over 10,000 SQM of everything you need under one roof. From fashion, electronics, beauty products, household items, groceries, gadgets, lifestyle essentials and more — Sinomart promises a fresh shopping experience without the stress of traveling to Lagos. 📍 Location: Palms Shopping Mall, Tollgate Ota, Ogun State 📅 Grand Opening: 29th May 2026 Residents of Tollgate Ota, Sango, Ifo, Ijoko, Dalemo, Iyesi, Abeokuta and surrounding areas are already counting down to what could become one of the biggest retail openings in Ogun State this year. The new era of shopping in Ota is almost here!  #OtaGossip #SangoOta #OgunState #Sinomart #OgunUpdate

OLOFIN OF ADO-ODO PALACE CLARIFIES LADI ADEBUTU’S VISIT TO OLOTA, SAYS MEETING DID NOT REPRESENT ALL AWORI OBAS

OLOFIN OF ADO-ODO PALACE CLARIFIES LADI ADEBUTU’S VISIT TO OLOTA, SAYS MEETING DID NOT REPRESENT ALL AWORI OBAS The Palace of the Olofin Adimula of Ado-Odo has clarified the recent visit of the PDP Governorship Candidate, Hon. Ladi Adebutu, to the Palace of the Olota of Ota, reportedly in connection with an “Awori Obas Forum.” In a statement signed by Chief Kazeem Akinsola Nasir, Ìríjú Oba of Ado-Odo and Secretary to the Palace, the palace said the gathering should not be interpreted as representing all Awori traditional rulers in Ogun State. The statement noted that while Ota remains an important Awori town, the gathering appeared to involve traditional rulers mainly from the Ota and Igbesa axis. The Palace further stated that there is currently no legally recognised Awori Traditional Council or Awori Council of Obas in Ogun State with statutory authority to speak on behalf of all Awori monarchs across the state. It also emphasised the distinct traditional position of the ...

SO-SAFE CORPS SMASHES DIESEL THEFT SYNDICATE IN ILARO, ARRESTS THREE SUSPECTS

Operatives of the Ogun State Community, Social Orientation and Safety Corps (So-Safe Corps) have arrested three suspects allegedly involved in the theft and illegal purchase of diesel meant for a road construction project along Sokoto Road, Idogo, in Ilaro, Yewa South Local Government Area. According to the Corps, the operation followed weeks of intelligence gathering and surveillance after reports emerged that diesel allocated for the road project was being diverted and sold to a criminal network. Acting on credible intelligence, officers laid an ambush and intercepted the suspects after a dramatic chase. Their vehicle reportedly suffered a tyre burst while attempting to escape, leading to their arrest. Suspects Arrested:  1. Gbolahan Ayobami (27) – Grader operato 2. Adedamola Ayomide (29) – Driver 3. Ajibose Ayobami (20) – Loader The suspects allegedly confessed to carrying out the illegal operation several times within the past month. The Items Recovered: One Mazda v...