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Cross River secures N500m loans for farmers

Cross River secures N500m loans for farmers

Cross River State has set aside the sum of N500 million as loan to farmers in preparation for post-covid-19 era.The state governor, Senator Ben Ayade, disclosed this in Calabar at the inauguration of input distribution to farmers as part of palliatives against the COVID-19 pandemic.

Ayade, who said this in a statement by the Special Adviser to the Governor on Media and Publicity, Mr Christian Ita, declared that “Cross River State has made a choice of agro-industrialization and the project pathway is organically connected with a kind of syntax that allows you enjoy the pleasure of the income stream that we have provided by making available a five per cent interest loan for all farmers in Cross River State by leaving the sum of N500 million with the Cross River Microfinance Bank.”

Ayade has described farming as a veritable leeway to prosperity, urging Cross River people, especially women, to go into farming. Ayade said: “Let me use this opportunity to say it very loud and clear that the future prosperity lies with farmers. If you don’t have a farm, you have no business in the 21st century.

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