The Nigeria Senate approved the President's request for approval of €995 million in loans from the Export-Import Bank of Brazil (BNDES) & Deutsche Bank of Germany (and guaranteed by the Islamic Development Bank) for the #Greenlmperative Agricultural Mechanisation program.
The Loan will fund 632 privately-operated primary production (mechanisation) Service Centers and 142 Agro-processing (value addition) service Centres across Nigeria's 774 LGAs, and reactivate 6 privately-owned partially-operational or moribund tractor assembly plants nationwide.
You May also want to check out Why You May Receive Low NYIF Loan - FMYSD Explained
The Service Centres will cover crop and livestock commodities of priority importance to food security and trade. The #GreenImperative will train 100,000 new extension workers, create about 5 million jobs, and positively impact over 35 million Nigerians in a 5-10 year period.
0 Comments
we love your comments!
Use the post a comment box to Comment, you can also join our facebook discussionClick Here