The federal Government of Nigeria has
credit: google
recently reduced the lending rate to farmers to 7%.
recently reduced the lending rate to farmers to 7%.
The minister of agriculture and rural development, Dr.
Akinwunmi Adeshina,
said this in Abuja during the D-8 private sector/investment
workshop. The D-8 countries are
Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey.
The decision to reduce the lending rate is in line with the
transformation agenda of President Goodluck Jonathan to repair the sector and
make it to contribute significantly to gross Domestic Product.
Before the reduction, the lending was between
15% and 21%. The minister also said the move would make farmers earn about 
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