Fidelity bank banner Bayelsa State banner
Abia sets up committee on disbursement of N1 billion CBN Agric loan

By Boniface Okoro, Umuahia on 15/06/2016

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,520


Boniface Okoro, Umuahia

Abia State Government on Tuesday in Umuahia received a loan of N1 billion Commercial Agricultural Credit Scheme from the Central Bank of Nigeria (CBN).

A terse statement issued by Enyinnaya Appolos, the Chief Press Secretary to Governor Ikpeazu Okezie, said the Abia State Commissioner for Agriculture, Mr. Uzo Azubuike, and his Finance counterpart, Mr. Obinna Oriaku, have confirmed receipt of the loan by the state.

According to him, the loan is an intervention for local agriculture to ensure that farmers in the state engage in all season farming.

Appolos stressed that the loan is a single digit loan of 7 per cent interest with moratorium period of six months.

He also added that governor Ikpeazu has already set up a committee to be chaired by Uzo Azubuike and which would be saddled with the responsibility of mapping out modalities for the disbursement of the fund to beneficiaries.

The governor also emphasised that the fund will not be used for political patronage.

He said, “Abia State Government has received the N1BN (One Billion Naira) Commercial Agricultural Credit Scheme Loan from the CBN. The loan is an intervention in local agriculture to ensure farmers in the state engage in all season farming. The loan is a single digit loan of 7 per cent interest with moratorium period of six months.”

•Photo shows Governor Okezie.

Source News Express

Posted 15/06/2016 05:35:55 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
May Day: Saraki tasks workers to renew dedication...

NEMA donates relief materials to flood victims

Breaking News – Boko Haram again?: Gunmen waste...

Leo Stan Ekeh, 5 others nominated Technology Times...

Python Dance: Army provides free medical services in...

Breaking News: Big loss for PDP as former...

7 killed in fresh suicide bomb attacks in...

War on Terror: NAF takes delivery of new...

Court adjourns Ex-Minister Akinjide’s N650m fraud case

Breaking News: 7 suicide bombers arrested in Kaduna...

Defence Headquarters reassures Presidential Committee on North East...

Boko Haram attacks Yobe for the second time...

 

Latest News BREAKING: Queen of Soul Aretha Franklin, ‘greatest singer of all time’, dies at 76 Godswill Akpabio’s defection to APC shocked and confused me — Elder brother, Isong Akpabio •Says defection cannot make APC win Akwa Ibom FG close to breakthrough on Leah Sharibu’s release — Presidency •Clears air on Daura’s status Woman pushes friend off bridge NYSC releases names of 9 drowned corps members Why 2019 elections will be Nigeria’s most expensive — INEC MASSOB drops threat to disrupt conferment of chieftaincy title on Ganduje Whistleblower: 5,000 tips received, N11bn recovered — Adeosun Naturalised Americans in danger of losing citizenship as Federal officials review thousands of cases Chinese firm to invest in Nigeria’s digital economy, education Demolition Notice: Ayefele’s house contravenes planning laws — Oyo Govt Cash economy fuelling Boko Haram activities: UN report

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (377,413 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (366,456 views) Shameless Genevieve Nnaji exposes breasts in public (296,142 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (241,741 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (222,500 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (217,022 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (192,458 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (174,640 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (159,567 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (158,207 views) Lagos plane crash: Journalist releases victims’ names (152,639 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (142,952 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (56) Business & Economy (3,452) Business Verdict (48) Columnists (909) Complaints & Requests (95) Enterprise & Opportunities (207) Entertainment (528) Features (633) Global Business Monitor (294) International (2,274) Interview (161) Live Commentary (28) Love Matters (134) News (38,048) Opinion (1,057) Pidgin (11) Politics (6,054) Religion (816) Sports (1,646) Stock Watch (33) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Real Madrid vs Atletico Madrid 2-4 Highlights and Goals

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement