The Federal Government, through the Bank of Agriculture, has unveiled a series of interventions aimed at boosting food production and supporting more than 1.2 million farmers across the country during the current wet season.
The Managing Director of the BOA, Ayodele Sotinrin, disclosed this in a statement issued by the bank’s Team Lead, Corporate Communications Department, Ruth Didam, on Tuesday.
Sotinrin said the interventions formed part of President Bola Tinubu’s agricultural agenda to strengthen food security, improve farmers’ incomes and expand financial inclusion.
“The wide-ranging initiatives reflect the Federal Government’s commitment to supporting farmers whose labour ensures Nigerians do not go hungry,” Sotinrin said.
He said mechanisation remained a major focus of the programme, noting that Nigeria currently has a tractor density of 0.27 per 100 square kilometres.
He explained that a key pillar of the intervention was the introduction of a Guaranteed Minimum Price mechanism to address the long-standing
This post was originally published on this site.
