Federal Government to disburse N25billion Agribusiness Loan

Agribusiness Loan
Federal Government to disburse N25billion Agribusiness Loan
Chairman of the Northern Senators Forum, Aliyu Magatakarda Wamakko, has disclosed that the Federal Government is set to disburse N25 billion to Nigerians under the National Directorate of Employment (NDE) and the Central Bank of Nigeria (CBN)’s agribusiness loans scheme. This was made known over the weekend in Sokoto.

He spoke at the disbursement of N10, 000, each, to 600 unemployed women and youths to empower them under the Directorate’s Micro Enterprises Enhancement Scheme (MEES), graduation of 400 youths trained by the Senator in five automobile and residential securities, as well as the flag off of training of one thousand persons in vocational skills. The Senator, who represents Sokoto North Senatorial District in the National Assembly, also said the list of the beneficiaries would soon be compiled, out of which beneficiaries from Sokoto State would be given N780 million.

He said, “This is part of the ongoing laudable efforts by President Muhammadu Buhari to further curb unemployment, hunger, poverty and youths’ restiveness, as well as their attendant unpalatable consequences. The Nigerian masses are the cornerstone of the present administration led by President Muhammadu Buhari, unlike what obtained hitherto, where only a few individuals were regrettably cornering everything. This noble gesture by the President, through the NDE, is aimed at carrying all Nigerians along, in line with the tenets of good governance, accountability, and transparency.”

Sen. Wamakko further averred that the gesture would discourage the beneficiaries from thuggery, drugs abuse, restiveness, and other devilish, destructive vices. On the 400 youths he trained, the lawmaker said that the gesture was part of his relentless efforts to complement the giant strides of the federal government, to further uplift the living standard of Nigerians. According to him, the gesture would make the beneficiaries to become productive, self-reliant and self-sustaining.

Earlier, the Director-General of NDE, Dr. Nasir Ladan Argungu, stated that the beneficiaries of the N780 million agribusiness loans were not required to provide any collateral, due to the self-recognition of Sen. Wamakko.


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