Business School to guide farmers on accessing CBN loan, others

CEDAR Farmers Business School, Ibadan, has expressed readiness to give proper guidance to farmers on how best to access loan from the Central Bank of Nigeria (CBN) Plc and other financial institutions.

Project Consultant, Mr Idowu Adewumi, told the Nigerain Tribune that the first phase of assisting farmers is the agribusiness seminar for farmers billed to hold later this month.

He noted that the seminar would put participants through the rudiments of agricultural law, livestock management, soil testing, land development, agricultural financing among others.

Adewumi, stated that:”The two major problems farmers are facing are: non-availability of land and lack of access to finance. We are going to proffer solutions to these major problems during the course of the seminar.

“In order to make the process smooth, we are partnering with the Central Bank of Nigeria (CBN) for them to access loqan up to the tune of N10million.”

All that is required to pave way for farmers to easily get this loan would would be made known to them during the seminar.”

Principal Partner, Cedar Farmers Business School and former Provost, Federal College of Agriculture, Ibadan, Dr Mrs Foluke Oluwatoyinbo, stated that the essence of the school is to ensure food security in the country and to encourage agriculture practice with the use of improved and mordern technology.

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