Poultry, fish farming: Kebbi acquires N1.5bn loan

Business News

Kebbi State Government has acquired a N1.5billion loan facility from the Central Bank of Nigeria (CBN) in a bid to boost poultry and fish farming in the state and as a measure to ensure food secu­rity and self-reliance among its citi­zens.

Governor Atiku Abubakar Bagudu who made this known in Birnin Kebbi while fielding questions from news­men, said the idea is also to diversify in the area of meat production to com­plement rice and wheat cultivations that the state has already been known of.

He said it is glaring for anyone coming to Kebbi to attest to the fact that rice production programme has been a success, stressing that poultry and fish farming would also receive all the necessary attention it deserves.

“So we are injecting these money into the programme, just like we did in the Anchor Borrowers’ by providing a soft financing model with little or no interest at all and the beneficiaries can apply to obtain more money after they shall have settled their debt, so it is a kind of revolving fund deliberately targeted in ensuring food security and sustainable human capacity building project,” he added.

Bagudu further disclosed that in an effort to entrench mechanized farming to replace the old traditional system of using localized farming implements, the state government has procured100 units of tractors for onward distribu­tion to entrepreneurs for lease and subsequently paid to government.

He said the idea is to avoid direct allocation to farmers for fear of the system being hijacked or maneuvered by the elite, adding that very soon the entrepreneurs would be asked to come forward to acquire them.

While he enjoined farmers in the state to exercise patience as govern­ment is doing everything possible to salvage them by introducing pro­grammes and initiatives that have di­rect bearing on their lives.

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