The Central Bank of Nigeria (CBN) has distributed farm inputs to cotton farmers in Bogo town of Gombe state for the 2019 farming season.
Shehu Goringo, Branch Controller (CBN) Gombe State, said the programme aims to create economic linkage between smallholder farmers and reputable large-scale processors to increase agricultural output.
Goringo stressed that the effort of government was to ensure steady diversification of the economy from oil to agriculture, adding that the strength of the nation lied in the agriculture sector.
He urged the farmers to make good use of the inputs to enable them repay the loans to sustain the programme.
Governor Inuwa Yahaya of Gombe State, who thanked the apex bank for supporting cotton farmers in the state appealed to the bank to review the 9 per cent interest rate to encourage more farmers to take up loans.
The Governor stressed that his administration would focus on farming, with a view to returning the state to the good days when agriculture sustained the economy of the nation, adding that his administration was passionate about farming.
The inputs were given to the farmers under the Anchor Borrowers Programme of the bank, with beneficiaries drawn from Balanga, Akko, Billiri, Gombe, Nafada, Kwami and Yamaltu-Deba Local Government Areas of the state, where cotton is cultivated in commercial quantities.
Source: Voice of Nigeria