Kano Govt. threatens to sue defaulters of N 900m agric. loans
Kano State Government has threatened to sue about 5,000 defaulters of the N 900 million loans disbursed to them by the Central Bank of Nigeria( CBN),under the Anchor Borrowers Programme in 2016.
The state’s Commissioner for Agriculture, Alhaji Nasiru Gawuna, disclosed this to journalists in Sokoto on Sunday.
He said: ”The state government guaranteed the loans for the farmers when none of the agro-allied firms willing to do so.
”Unfortunately, only four out of the over 5,000 beneficiaries have repaid the loans as we are speaking now.
”So, the state government is pondering on taking any action to recoup the money, including going to the courts.”
Gawuna further stated that the state government had purchased 500 hydraulic water pumps, worth N 45million and distributed same to irrigation farmers.
” The state government has also ordered for additional 5,000 of such pumps for the same purpose.
” The state government also plans to buy N250 million worth of insecticides, pesticides and improved seeds for distribution to tomato farmers.
” This is to prevent the re occurrence of tomato Ebola disease recorded in 2016.”
Gawuna said that the state government was also taking all the necessary measures to boost food production.
According to the commissioner, the efforts will boost food security, economic diversification, reduce poverty and unemployment.