Mouth-watering loan for Anambra indigenes – CBN

Features & Reports

THE Central Bank of Nigeria, CBN, has unfolded mouth–watering loan packages for all categories of enterprise owners in Anambra State. Top on the loan plan, which attracts only nine percent interest, is in the area of agriculture.

At a forum organized for all categories of self-employed people, including artisans, hair dressers, farmers, traders, manufacturers, among others in Awka, officials of the apex bank said with the programmes put in place to shore up the business environment  in the country, most Nigerians have no business remaining poor.

Acting director in the corporate communications department of the Bank, Mr. Isaac Okoroafor said the CBN decided to put in place a number of programmes to stabilize the economy, having realized that crude oil, which Nigerians had hinged their lives on for many years, might soon dry up, which therefore meant that there must be alternatives to ensure that the economy remains afloat.

He said that Nigeria has arable land for farming and urged the people to utilize the opportunity available in the agricultural sector to make Nigeria self-sufficient in food production, adding, “In the 1960s, agriculture was the mainstay of the nation’s economy.

During that period, the University of Nigeria, Nsukka was built with proceeds from palm oil, Ahmadu Bello University, Zaria was built with proceeds from cotton and University of Ife was built with proceeds from cocoa. But when oil was discovered, we abandoned agriculture such that today, we import eggs from South Africa, rice from India and Thailand and even beef from Zambia.

–Vanguard