Govt to issue loan of N3 billion to farmers in Ebonyi



David Umahi of on Monday said his is set to issue loan of three billion naira to by first week of April this year.

Umahi spoke through the state Commissioner for and Natural resources, Chief Moses Ogodoali Nomeh said the loan would be strictly for rice and other agricultural products excluding cassava .

He however, explained that those owing the state in last year’s farming season would not benefit from this year’s farming season loan. 

Explaining further, Mr ogodoali said that the loan will be given according to the capability of each farmer.

He said: “we are given loan to of all cardre in , we are considering Withholding those of cassava , cassavas are not being sold in the state presently, because almost everybody has cassava farm.

has mapped out 3 billion naira for this loan and it is already with Zenith bank .The form is free.  We have 13 units collection point in the office for the form, which is each local has an officer handling it. You don’t need special recognition before you collect a form you only need to be qualifying for the loan.

“From next Monday we shall start processing of the forms, and my believe is that by first week of April the money will be disbursed to farmers.

“This loan is meant for only people have paid up the one they obtained last year and those have not collecting before.

“We are giving this loan base on your ability  to pay back, if you can cultivate  up to ten hectares of land we give you money for it, if it is hectares, fifty hectares and so on we give according to your capability.

“But we must inspect your land; you must give us guarantor and collateral. We only require collateral when you are collecting from million and above but if it is less than that million there will be no need for collateral but there must be guarantor”. He said.

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