Nigerian government to pump $9.7bn into Bank of Ag
According to the government, access to funding remained one of the biggest challenges facing farmers in the country.
The Minister of State for Agriculture, Senator Heineken Lokpobiri, disclosed this in Abeokuta, Ogun State capital, during the inaugural harvest of a Tillapia fish farm of Premium Aquaculture Limited, Oyan Dam.
He said commercial banks were not ready to fund agriculture, hence the decision of the federal government to recapitalise BOA was to facilitate the diversification of the country's economy towards agriculture.
source: allafrica.com
