PRESS RELEASE- OGUN STATE ANCHOR BORROWERS PROGRAMME LINK THIRD BATCH OF YOUNG CASSAVA PRODUCTION FARMERS (1,065 FARMERS) TO CREDIT OF N234,590,745.00k (N220,273.00K PER FARMER) FOR THE CREATION OF ADDITIONAL 1,065 JOBS AND FOOD SECURITY IN OGUN STATE

The Central Bank of Nigeria/Wema Bank/Nigeria Cassava Growers Association/Ogun State Anchor Borrowers Programme, linked the third batch of Young Cassava Production farmers (1,065 farmers), to credit, in the tune of N234,590,745.00k (N220,273.00k per farmer) across the 20 LGAs of Ogun State, on 8th October, 2020. These farmers will also be linked to inputs (herbicides, agrochemicals and improved planting materials), and guaranteed markets.

This third batch release, is for young people, whom the Executive Governor of Ogun State, His Excellency, Prince (Dr) Dapo Abiodun, MFR, had approved land clearing for, in Nine (9) locations namely: Apojola, Odeda LGA; Asa, Ewekoro LGA; Ojoowo/Ijebu Igbo, Ijebu North LGA; Omogbawojo, Odogbolu LGA; Pagbonrin, Imeko-Afon LGA; Itoro, Yewa South LGA; Ojere Village, Obafemi Owode LGA; Ikenne Dairy Farm, Ikenne LGA; and Obafemi Town, Obafemi Owode LGA. The release will be utilized by beneficiaries, to fund cost items and other operations, according to the Economics of Production (EOP), and other terms of the facility, as approved by Central Bank of Nigeria and the Farmers’ Organizations.

This giant stride is part of the continued resolve of Ogun State Government, to link farmers to credit, land, inputs, technology and assured markets; which are all part of Ogun State Agricultural Agenda of Agricultural Industrialization, Food Security and Job Creation. The additional 1,065 jobs created, brings it to a total of 4,462 jobs created under the Cassava Value Chain intervention, in the Ogun State Anchor Borrowers Programme, for the year 2020.

Other registered farmers, including young people, who are yet to be linked to credit under the Anchor Borrowers Programme, are advised to follow, and regard updates only, from the authorized source, which is, Ogun State Ministry of Agriculture. 

Work is in progress for farmers who are close to land clearing sites in Afon Farm Estate, Imeko-Afon LGA and Atoba, Remo North LGA. These have been verified by Central Bank of Nigeria (CBN) with physical and digital geotagging. Meanwhile, land clearing and preparation, verifications and geotagging by the Ogun State Ministry of Agriculture, CBN and other stakeholders, are ongoing.

Signed

Ogun State Ministry of Agriculture

20th October, 2020