Sen. Wammako calls for provision of multi-billion naira loans to farmers
Sen. Aliyu Wamakko (APC-Sokoto state), has called for the provision of multi-billion naira loans to some farmers in Nigeria to boost commercial agriculture.
Wamakko, who represents Sokoto central senatorial district in the Upper Legislative chamber, made the call on Monday in Sokoto while addressing newsmen.
“The federal government can create mega farmers across the country through the loan.
“Some farmers across Nigeria can each be provided with between N2 billion to N3 billion to embark on large-scale farming.
“They should be given a grace period of between three to five years to repay the loans.
“The federal government can also create profitable market for their farm produce to curb the menace of middlemen,” Wamakko, the former governor of Sokoto state said.
He said that farmers who benefited from the loan could use the money to develop between 100 to 1,000 hectares of farmlands across Nigeria.
“Efforts should also be made to ensure value for their produce, while the excess produce can be mopped up by the government.
“Such excess produce can be reserved and the government can swiftly intervene in times of crises to stabilize the market,” Wamakko added.
Wamakko, who is also the Chairman, Senate Committee on Basic and Secondary Education, stressed the need for the government to subsidise agriculture.
He urged the federal government to partner the state governments in subsidizing agriculture.
The senator said that each of the 36 state and Federal Capital Territory have their respective comparative advantages in agriculture.
“Each state has something to contribute to the economy of the country and this should be adequately harnessed,” Wamakko, said said.