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Published On: Tue, Jan 2nd, 2018

BOI set to dole out loan to co-operative farmers

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By Usman Shuaibu

The National Co-operator/founder of Agro-allied Commodities Co-operative Agricultural farmers in Nigeria, Prof. Queen Hajarat Abike Adeyeye Adegboyega, has disclosed that plans are underway by the leadership of Bank of Industry (BOI) to give out loan to the Agro-allied commodities co-operatives as well as farmers of no interest rate.
She said the loan would be doled out to the Agro-allied farmers through the Bank of Industry or any micro finance bank as well as non-banking agencies.
Adegboyega, who disclosed this in a press statement signed and made available to Peoples Daily on Saturday in Abuja.
She said the Bank of Industry had mandated the management of the Agro-allied organization to sensitise all the commodities co-operatives/farmers into banking culture.
She therefore, advised the farmers/co-operatives that if the loan was given to them they should endeavour to abide by the rules and regulations of the Bank of Industry in accessing the loan.
She pointed out that the loan would be made possible through the intervention fund of N50 billion requested by the founder of the Agro-allied establishment.

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