Agriculture
IKORODU Local Government Area, says it will partner with the Lagos State Employment Trust Fund (LSETF) to grant soft loans to farmers and traders in the area.
Its Chairman, Mr Wasiu Adesina, disclosed this in an interview with the News Agency of Nigeria (NAN) on Sunday in Ikorodu, Lagos.
Adesina said the partnership would help to enhance food production, reduce the price of farm produce and enhance businesses and investments.
The chairman added that he would expand the scope of traders’ access to soft loans for economic growth and development.
“We are going to work with the LSETF and banks to roll out the soft loans; the arrangement is in the pipeline.
“The money will be disbursed to farmers, market men and women to boost their production, which will aid in price reduction.
“The bank will screen the eligible ones while repayment will start after three weeks with low interest which will be paid by the local government,” he said.
Adesina said that the council was also planning to organise an Agric fair, where food items would be sold to residents at affordable prices as was previously done by the council.
He said his administration had sponsored some youths abroad to train in agriculture, noting they would transfer their knowledge of international farming practices to local farmers to boost farming activities in the area. (NAN)
2nd February 2025.
C.E.
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