N340 Million Set for Disbursement to Eligible Farmers in Oyo

By Iyabo Adebisi

Oyo State Government says it will commence the disbursement of over N 340 million to eligible crop farmers across the seven zones of the state as of Friday, February 9, 2024.

The disbursement is under the Sustainable Action for Economic Recovery ( SAfER) initiative of the state government 

This is in addition to a sum of over N416 million recently disbursed to 1,407 farmers across the state in the third batch of the programme. 

Addressing newsmen on the progress of the SAfER programme at the Press Centre of the Governor’s Office, the Chairman, Agric Credit  Corporation of Oyo State,(ACCOS), Sheikh Taofeek Akeugbagold, explained that the project has been non-partisan as it is available for the generality of genuine farmers including the youths that were trained by the State Government under the YEAP programme.

He said, given the present economic hardship being experienced by the citizenry of the state, the Corporation has been given a marching order to better the lots of the peasants most importantly in the area of agriculture.

While assuring that real farmers who missed out from all the batches that have been previously considered would be taken care of once the payment is coming forth, Sheikh Akeugbagold also implored fresh graduates who are interested in agricultural practices to approach the corporation to access funds.

Sheikh Akeugbagold urged the beneficiaries to complement the effort of the government by being faithful with the funds they obtained and to reciprocate the kind gesture of the government by paying back the fund by the due date such that others could benefit from it as a revolving fund.

Earlier, the General Manager of the Corporation, Mr. Ogunniran Emmanuel commended the state government’s efforts in alleviating the hardship of people occasioned by the removal of the fuel subsidy. 

It would be recalled that the state government had provided a sum of N1billion  under the 

Sustainable Action for Economic Recovery ( SAfER) initiative of the state government to support farmers in the state to cushion the effects of subsidy removal by the federal government.

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