FG: First Batch of 400,000 farmers to get N500 billion interest-free loans

The first batch of 400,000 farmers are to benefit from the N500 billion Federal Government zero-interest financing project for smallscale farmers under the Agric for Food and Job Plan scheme from next week.

A senior special assistant to the President on Agriculture, Andrew Kwasari told the media in abuja this Tuesday.

The project is expected to mitigate the negative impact of the COVID-19 pandemic on the country’s agricultural sector.

Kwaseri said that trained enumerators have been sent out to identify farmers and their farms to ensure proper targeting of beneficiaries.

He explained that the scheme would improve crop yields per hectare as well as link farmers to markets for off-take throughout-grower scheme.

The President’s Special Assistant on Agriculture added that the scheme targets 2.5 million Small-holder Farmers across the 36 States of the Federation and the FCT.

They are to produce 10 million tonnes of food which include cropping, animal husbandry, fisheries, and horticulture among others within the next 12 months.

53 thoughts on “FG: First Batch of 400,000 farmers to get N500 billion interest-free loans”

  1. Very good one keep it up.
    Am really interested in it.
    May Almighty God keep on Blessing you Abundantly Ameen .


  2. Am interested in the scheme and a cotton farmer sir i hope these will meet your requirements and obligue you to give me a trial . Thanks and more Allah blessings .


  3. A civil servant with 29 years working experience,planning to retire very soon. Engaged in rainy and dry season farming of rice, maize, guinea corn, yam and soyabeans.


  4. Ma shaa Allah !. That is a brilliant idea, may Allah continue to guide our leaders right.

    Please, kindly direct me on how to apply, I will appreciate your quick respons. Thanks


  5. It is important for you guys to read the text carefully. All the details on how to get registered is there. Enumerators are posted everywhere to get farmers registered. They only require your PVC, capture your image and take GPS of your farm.


  6. A brilliant idea to give farmers loan and provide market for us, this will go along way in reducing poverty rate and food shortages. Kudos Federal Government of Nigeria. Iam interested please.


  7. It is a welcome development and a great idea. Am urging the SSA on Agriculture and other stake holders on Agricultural sector to please monitor this nice program to get to the downtrodden farmers of this great nation. Thank you.


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