Akwa Ibom disburses N1.2b loans to Cassava Farmers

The Akwa Ibom State government has disbursed more than N1.2 billion as interest-free loans to 2,000 cassava farmers in the last two years.

Commissioner for Agriculture, Glory Edet who disclosed this yesterday said the move was aimed at ensuring food sufficiency and curbing the monopoly of market unions in the pricing of foodstuffs in the state.

Edet further explained that the loan scheme would reduce the high price of garri, a staple food in the state.

She pointed out that the initiative was not limited to increased cassava production, disclosing that 1,000 each maize and vegetable farmers also benefitted from interest-free loans.

The Commissioner said the government has distributed 700,000 cocoa seedlings to cocoa farmers and boosted livestock farmers with improved breeds of goats and other animals.

She explained that the present utilization of the cassava mills is dependent on the quantity of cassava from its demonstration farms across the state.

Read more at source - EIN News