Industry Insights

Nigerian farmers in Ekiti seek soft loans to increase production

The Ekiti State Farmers Community Association has requested the state government to offer concessional loans so that farmers can increase production this year. Olatunji Ayegbusi, the association’s chairman, briefed newsmen on the need for government intervention to address agricultural challenges last weekend in Ikole, Ekiti, and made the appeal on behalf of the members.

In order to survive the current economic difficulties the state and Nigeria as a whole are currently facing, he claimed, the farmers urgently needed federal support.

Ayegbusi asked the state administration to collaborate with foreign investors and private businesses to give them access to loans and fertilizers so they can boost the state’s agricultural output.