CBN Supports Farmers in Bayelsa to Increase Food Production

Bayelsa- The Bayelsa State government has advised financial institutions to disburse loans to only famers who are passionate about abundant food production to reduce the price of food that would solve the global food problem.

Commissioner for Agriculture and Natural Resources, Chief David Alagoa came out with this while encouraging famers to be more serious with farming activities as the Central Bank of Nigeria, CBN program in collaboration with the Ministry of Agriculture organized a ceremony to give out loans to farmers in the state.

Cental Bank of Nigeria

Mr Alagoa explained that the war between Ukraine and Russia has caused food shortage and with the raging war, Ukraine, the world highest producer of wheat has been disabled hence, the hike in food prices globally.
read also: BOOM: Inaugurates the NDDC Board IYC Reterate
The Commissioner pointed out the need for every Bayelsan to cultivate the habit of planting as there would be a reduction in hunger if every household can plant some food crops.

He congratulated the recipients of the awards while charging them to make judicious use of the loans to justify the reason for giving them the funds, he equally appreciated the CBN for the scheme.

Previous articleBOOM: Inaugurates the NDDC Board IYC Reterate
Next articleInternational Basketball Competition ban Lifted By FG