Central Bank Officially Approves N2 billion loan for poultry syndicate

If you are a farmer in kwara especial that of poultry side luck you as CBN has now move their torch light to that side. Indeed it was a thing of joy today as. The Central Bank of Nigeria, CBN, says it has approved N2 billion as agriculture loan to poultry syndicate in Shonga Farms Holdings Ltd, Kwara.
The CBN governor expressed satisfaction with what he witnessed on the farm, saying that the loan would be provided at a low interest rate of 9 per cent

He described his visit as an eye opener, noting that there were several opportunities to tap from Shonga Farms and the poultry value chain, to improve the country’s economy.

The CBN governor commended the state government for its initiative and called on other states of the federation to emulate the state’s commercial agriculture model as a way of diversifying the economy.

He said Shonga Farms was a practical example of how governments could collaborate with the private sector to deliver real dividends of democracy, such as jobs and agro-allied prosperity to the people.

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