PDF Print E-mail

Nigeria: Tractor Lease Hits the Rock in Kebbi

Allafrica – September 18, 2014

Birnin Kebbi — Kebbi State has not been given any tractors for leasing to farmers, director of the federal ministry of agriculture in the state, Mr Kelvin Tekpat, has said.

He said: "The tractor programme is supposed to be private sector driven; the federal government is just to support the private sector as they are the ones that will drive the process. Our stock shop agro centres in Kebbi are designed as integrated input centres for both fertilizers and tractors. But, we have not received anything yet."

Speaking on the state government's agric mechanisation programme, the Commissioner of Agriculture Alhaji Isah Mera said the state has facilitated the purchase of 300 tractors for the state chapter of the All Farmers Association of Nigeria (AFAN).

He said very soon the farmers will start benefiting from the loan programme.

State Secretary of AFAN, Mohammed Idris, said AFAN applied for N2 billion loans through First Bank to procure 300 tractors to hire to farmers.

"The loan is to be paid after two-and-a-half years with 18 percent interest. AFAN is to pay 10 per cent, Central Bank of Nigeria (CBN) 8 per cent, while the state government will guarantee the loan.

"We are hoping to receive the bank offer next week and then we can commence the programme. The programme is initiated by the state chapter of AFAN at the end of which we will liaise with the federal government to discount part of the cost of the tractors. At the end of it all, the programme will be jointly supported by both the state and the federal government."

www.allafrica.com/stories/201409180975.html

 

Agriculture

S5 Box

S5 Register

*
*
*
*
*

Fields marked with an asterisk (*) are required.