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Cotton production gets N100bn lifeline

Daily trust - January 8, 2015

The federal government has said that the cotton sub-sector has received a N100 billion boost from the Bank of Industry (BoI), through the Growth Enhancement Support (GES) scheme on the cotton, textile and garments (CTG) funds.

The ministry of agriculture, in a press statement it issued, stated that out of the N100 billion, N75 billion would be channeled into the CTG businesses across the country.
The statement said that 4 improved varieties of cotton seeds comprising Samcot 8, Samcot 9, Samcot 10 and Samcot 11 have been distributed to farmers since 2012, adding that in 2014, six varieties of cotton seeds were developed by the Institute for Agricultural Research, ABU, Zaria, that included Samcot 8 and 13 for North-east, Samcot 9 and 12 for North-west, Samcot 10 for North-central, Samcot 11 for South-west, to be supplemented with irrigation in Fadama areas.
According to the statement, the government has distributed free cotton seeds to 36,000 farmers, cultivating an estimated 75,000 hectares in 2012.
It said that last year, about 2,385.38 metric tonnes of certified seeds were distributed to 110,370 farmers in North-east, North-west and North-central under the Growth Enhancement Support Scheme.
The statement noted that the ministry has entered into agreement with West African Cotton Company Limited (WACOT) for production, processing and marketing in the country.
It said that the agreement will also ensure the establishment of Seed Multiplication Scheme that would cover 25,000 hectares in 2015.




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