Back
Oil palm growers hail Buhari, CBN for N30 billion intervention loan
Sep 27, 2020
Uche Usim, Abuja
Members of the Oil Palm Growers Association of Nigeria (OPGAN) have extolled President Muhammadu Buhari and the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, for their efforts to assist them to expand their businesses and end palm oil importation.
The apex bank began disbursing a N30 billion intervention loan late last year to oil palm farmers in a strategic move to conserve the huge foreign exchange spent on importing it.
The newly-elected President of the association, Mr Joe Onyiuke, said that empowering smallholder farmers under the Anchor Borrower Programme (ABP) was a strategic way to end poverty, guarantee food security and grow foreign exchange.
According to him, the Buhari administration has demonstrated its seriousness and preparedness to place agriculture on a higher pedestal towards revamping the economy.
‘Other associations have been accessing the CBN interventions and they’ve been doing very well,’ he said.
‘If you look at cotton, cotton has transformed this country again: our uniform men are now buying cotton grown from this country. This was done by both the CBN governor and the Buhari-administration.’
The new OPGAN leadership came on board over the weekend following the dissolution of the erstwhile exco by its trustees over a plethora of allegations, especially illegally overstaying its tenure.
0Shares
0Comments
0Favorites
0Likes
Say something to impress...
Loading...
Comments
Hot

No content at this moment.

Relevant people
Religion Truth
65538 Followers
lifestyle
Discover the truths of faith and religions.
Related