A N1 billion agricultural loan received from the Central Bank of Nigeria (CBN) will soon be disbursed to farmers in Abia State.The state government broke the news in Bende Local Government Area during the inauguration of the 2012 Cropping Season.Governor Theodore Orji said the government has also paid its counterpart funds for the FADAMA III, the IFAD–NDDC–FGN–Community-Based Natural Resources Management Project and the Agricultural Development Programme.Orji, who was represented by his deputy, Sir Emeka Ananaba, said the 55 tractors procured by the government would be sold to farmers at subsidised prices.He said the government is determined to create jobs, reduce poverty, ensure food sufficiency and facilitate rapid economic and rural transformation through agriculture. Orji said the government would subsidise farm inputs through the Growth Enhancement Support Initiative Scheme.He said the privatisation of the Abia Rubber Company and Nkporo Oil Palm Estates would soon be completed to ensure optimal productivity.
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