Governor of Osun State, Gboyega Oyetola has approved the disbursement of five million naira loan to thirty cocoa farmers in the state to boost their farm production.
The loan, according to the government was aimed at increase the farmers’ yields for this year’s growing and harvesting season.
Addressing journalists after the disbursement of the soft loan in Osogbo, the General Manager, Osun Micro-Credit Agency, Mr. Dayo Babaranti, said similar gesture had recently been extended to cassava and tomatoes farmers in the State.
He said the agency was determined to support the economy of the State as it is ready to revive micro, small and medium scale enterprises.
“We are here this morning to distribute N5millon loan to 30 individual cocoa farmers in the four major cocoa growing councils in the State, namely Ilesa-West, Ilesa-East, Atakunmosa-West and Atakumosa-East respectively.
“This support is given to farmers for them to purchase chemicals and other things they need to spray and prevent cocoa from infections that usually to reduce their productions ahead of this year’s growing season.
“So, with this little support, our farmers can have access to some of the farm inputs to support their activities and increase their production,” he said.
Babaranti admonished the beneficiaries not to see the fund as free money but a support to advance their productions.
He further implored the beneficiaries to use the fund judiciously and apply it on what it was meant for.
“I urge not to divert this funds but apply it on what it was meant for which is to support your farming activities,” he said.
Speaking with our correspondent, the Chairman, Agbewumi Cocoa Group, Mr. Ajibade Moshood, commended the state government in it effort to revamp agriculture.
Moshood, who assured of the timely repayment of the loan, said, “We shall use the fund for the purpose it was meant for.”
A beneficiary who identified himself as Raji Ishola lauded the state government for extending the loan to cocoa farmers, however, promised unflinching supporter for Oyetola’s administration.
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