The National Agro Allied Commodities Cooperatives Services has announced a partnership with the World Bank to launch a six-year food security programme worth $500 million in Nigeria.
National President General Hajarat Adeyeye, who disclosed this in a statement on Monday, explained that part of the plan was to offer loan facilities to small holders farmers across the country.
She stated that the loan would enable farmers across the country to contribute to food security and become self-sufficient in food production and thanked President Bola Tinubu, whom she said has been magnanimous in approving the empowerment scheme for farmers in the 36 states, including the Federal Capital Territory.
She also applauded the Minister of Agriculture and Food Security, Abubakar Kyari and the Managing Director of the Bank of Agriculture for the urgent consideration and approval for the release of funds to enable early disbursement.
“All these interventions are part of efforts being made by the Tinubu-led administration to create employment and boost food security. It is worth noting that the Bola Tinubu administration, through the Minister of Agriculture and Food Security, has been instrumental in implementing various initiatives to boost food security and agricultural production in Nigeria.”
