One hundred and forty-five thousand rural farmers, validated by the Kogi State government, in partnership with the Kogi Farmers Cluster Development Union, are to benefit from agricultural loans and grants under the Nigerian Agricultural Payment Initiative (NAPI).
Governor Idris Wada spoke at the launch of the pilot phase of the disbursement of loans to rural farmers, through the NAPI e-wallet system, jointly executed by the Federal Government, the state government and other stakeholders in the agricultural value chain.
He described the disbursement of loans and grants through the NAPI e-wallet platform as a significant step in the development of agriculture, noting that N160,000 loans and grants disbursed to each of the benefiting rural farmers would enhance wealth creation and alleviate poverty.
Hailing members of the Kogi Cluster Farmers Development Union for keying into the agricultural transformation agenda of the government, Wada urged farmers to sustain interest in agriculture by taking advantage of the initiatives aimed at improving their welfare and the development of agriculture.