Esseite:
Tribal bigots thread..... who generalizes on a whole region... what is the ratio of agric loan for south east compared to the north?... if you have loan defaulters, you go after them individually not to generalize on a region despite claiming from the article they are rich business men..

How the FTC wakes up very early just to call a people rogues tells a lot about the youth, their reasoning and their daily scale of preference..

soldierkunle:
The Bank of Agriculture has decried the alleged unwillingness of South - East businessmen to repay loans .
A representative of Bank of Agriculture ’ s South - East Zonal Office , Enugu , Mr Aaron Obigbo , who spoke at a workshop organised by a research institute , the Development Strategy Centre, Enugu, raised the alarm over the high rate of loan defaulters among borrowers in the South - East .
The workshop themed , “ Pro - poor growth , unemployment and poverty in Nigeria : A South - East agenda ” , was organised in partnership with the African Economic Research Consortium , Kenya.
Speaking at the workshop , Obigbo said the Bank of Agriculture was faced with challenges that stemmed from the unwillingness of its borrowers in the South -East to pay back loans obtained from the bank .
Obigbo also disclosed that businessmen usually disguise as farmers to approach the bank for loans in the zone.
He said , “ Our (South - East ) businessmen come to the Bank of Agriculture and borrow money and they will not repay .
“ Some will collect inputs and sell them . They collect these inputs as farmers but they are not farmers .
“ The man in the North will collect loans from BOA and pay back but our big men from the South - East collect this money and don ’t bother to pay back . ”
Obigbo also decried the inability of state governments in the South - East to take advantage of various schemes initiated by the bank , particularly the Anchor Programme, to better the lives of the people in the region .
According to him , while states in the northern part of the country are maximising the opportunities provided by the Bank of Agriculture , many states in the South - East are yet to identify with the bank .
Obigbo urged South - East governments to utilise the funding opportunities provided by BOA, and also abide by the institution’ s terms and conditions .
The Managing Partner of the Development Strategy Centre, Dr Cosmas Ohaka , in a paper presented at the workshop , noted that the steady growth recorded by the Nigerian economy between 2000 and 2015 did not lead to a decline in the level of poverty in the country within the period .
He said , rather , the poverty level continued to rise, despite the recorded economic growth .
“ Available data show that every region witnessed a rise in poverty incidence between 2000 and 2015 — the same period that Nigeria recorded steady growth .
“ This seems to indicate that increase in economic growth does not automatically translate to decline in poverty incidence in any of the regions in Nigeria ,” Ohaka said .
He pointed out that people with low education are unlikely to benefit from economic growth .
He said , “Even if growth continues for the next couple of decades , some people will still not benefit from it due to their level of education that makes them unemployable . ” http://punchng.com/seast-businessmen-dont-repay-loans-bank-of-agric-laments/

Tkester:
Just like the news that Jamb arrested over 10000 student for exam malpractice in Anambra. This news will also be debunked in coming days.

I've noticed that since yesterday the Lagos-Ibadan gutter media has gone into the overdrive, trying to belittle the success of our seat at home protest, and will lay hands on any garbage they find to make it look like we are not a special people.

Well, the truth is that no amount of smear campaign or even scare mongering is going to deter The spirit of Biafra that has be resurrected.

People, we are Igbos and we succeed in everything we do!!!!

Mynd44:
So a rep of the bank came out to make this BS statement and for some reason, his backside was not fired and also a overhaul was not ordered into the operations of that branch? What is wrong with this country?

These guys just admitted that they have not been properly doing their job when it comes to investigating those who apply for loans. How can a businessman act like a farmer to ask for a loan and you did not know? Did you have discussions with him about his plans for the farm, the different farming techniques the challenges and he aced it? Questions only a farmer will know. So someone claims to be a bean (for example) farmer and he will know how many weeks it takes a particular strain of beans to grow? Or the expected weight of a chicken at 12 weeks?

Dont they go with them to their farms to do assessment and follow up assessment? So when the diversion of funds start (for farmers but got "better ideas" and decided to go into business)

Have they tried people who divert such loans in court? Have they sent the EFCC after the criminal people who take loans and not pay back? What is wrong with these people?

arsenal33:
This is why they miss GEJ and the PDP.

No more free money

Esseite:
Tribal bigots thread..... who generalizes on a whole region... what is the ratio of agric loan for south east compared to the north?... if you have loan defaulters, you go after them individually not to generalize on a region despite claiming from the article they are rich business men..

How the FTC wakes up very early just to call a people rogues tells a lot about the youth, their reasoning and their daily scale of preference..