22,000 farmers to benefit from FarmerMoni loans – FG
Federal Government, through the National Social Investment Programme Agency, says no fewer than 22,000 farmers will benefit from interest-free loans under its FarmerMoni Dry and Wet Season Programme. The National Programme Manager, Government Enterprise and Empowerment Programme under NSIPA, Mr Hamza Baba, said this at the inauguration of the Renewed Hope GEEP 3.0. and the FarmerMoni Technical Working Group in Abuja on Wednesday. Baba, who described the loan as interest and collateral-free, said that the loans aimed to strengthen agricultural productivity and would be given to farmers across the country. “Under this particular scheme, we are expecting that from today our portal will be open for eligible farmers, to go and register, to access our loans. And these loans are interest-free and collateral-free. “The total sum per beneficiary is N300,000, and we arrive at this by looking at the economic production of each farming activity. So, we are targeting the vulnerable, poor farmers a...