Vice President Kashim Shettima has called for the rapid disbursement of the Federal Government’s N250 billion loan facility designed to support smallholder farmers at a single-digit interest rate.
Speaking on Thursday at the 6th Presidential Food Systems Coordinating Unit (PFSCU) Steering Committee meeting held at the Presidential Villa, Abuja, Shettima tasked the PFSCU to develop a clear implementation roadmap to avoid delays and ensure the funds reach the intended beneficiaries.
According to a statement by his media aide, Stanley Nkwocha, the Vice President said:
“On the Bank of Agriculture N250 billion facility, we need to sit down with all stakeholders and come up with a robust roadmap that ensures these funds reach the intended farmers and translate into real productivity gains.”
Shettima commended President Bola Tinubu for granting the PFSCU the political support needed to drive reforms. He highlighted key directives on fertiliser liberalisation and the establishment of a seed fund as steps that have already empowered the PFSCU to accelerate delivery.
“I want to place it on record, our deep appreciation for Mr. President’s leadership and guidance. His clear directives on fertiliser liberalisation and the seed fund have empowered the PFSCU to fast-track delivery in ways that directly support farmers and strengthen our food systems,” he added.
The Vice President stressed that effective and timely deployment of the loan facility would play a crucial role in improving agricultural productivity, supporting farmers, and enhancing national food security.
