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BOA disburses N1 billion to cross river

Bizwatch Nigeria - March 19, 2015

In order to carry out the Songhai Integrated agric business in Abi LGA of the state, Bank of Agriculture would soon release a loan worth one billion Naira to the Cross River State Government.
According to Manager of the Calabar branch of the bank, TakimTawor, the N1billion loan attracted 12 percent interest.
He explained that arrangements have been concluded for the release of the amount to the Cross River State Government, adding that the bank has given out loans worth N618 million to 11,000 small holders farmers to finance their agricultural businesses in Cross River state.
“We also encourage rural farmers to open saving accounts with us for, at least, three months and they should have up 20 percent of amounts they want to collect in their accounts,”  he said.

 

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