The Bank of Agriculture has reportedly liberalized its programmes for young graduates and women with a view to wooing them into agricultural production.
In its efforts to fast-track food security in Nigeria, the Bank has fine-tuned its Youth in Agriculture Development in Nigeria (YAN) programme which presently attracts lower interest rates as beneficiaries can now access up to N1million agricultural loan for a start, and also take even more instantly on repayment.
The same procedure applies to women in agriculture.
Speaking recently in Ibadan, the Oyo State capital while flagging off the Banking Operations and Customer Care Workshop for the Bank of Agriculture, staff drawn from the three Southern Zones of the country, the Executive Director, Corporate Services, Mohammed Adamu Sambo specifically charged youth in the Niger Delta region to take full advantage of the portfolios opened for them whereby they can access the agric loan of a minimum of N1million to boost their fish farming.
Sambo, spoke through the South West Zonal Manager, Mrs. Idiat Titlayo Folorunsho.
He however announced the Bank of Agriculture’s commitment to positively change the orientation of Nigerians towards agricultural development.
According to him, the main focus of the Bank of Agriculture is to take care of the customers by following up repayment through adequate monitoring, and ensuring paying back so as to take more loans for expansion.