Home News Osun Empowers 30 Cocoa Farmers, Gives out N5m Loan

Osun Empowers 30 Cocoa Farmers, Gives out N5m Loan

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L-R: Chairman, Agbewumi cocoa farmers Association, Orisumibare Iperindo,Mr Ajibade Moshood, receiving a cheque grant from General manager, Osun micro-credit limited, Mr Dayo Babaranti. Head of operations, Osun micro-credit limited, Mr Sanya Olopade, during the distribution of cheques to 30 individual cocoa farmers who have been supported by Osun Micro Credit Agency to boost their productions at the agency's premises, Osogbo on Wednesday

By Deborah Oladejo, Osogbo

As part of the fulfillment of its campaign promises to support farmers and promote agriculture in the State, the Adegboyega Oyetola led Osun State Government on Wednesday empowers 30 cocoa farmers with loan facilities.

According to the government, the loan was aimed at boosting cocoa production and increasing the farmers’ yields for this year’s growing and harvesting season.

L-R: Member of cocoa farmers Association, Atakumosa East Local Government Iperindo, Mr Akanmu Rabiu; Head of operations, Osun micro-credit limited, Mr Sanya Olopade; General manager, Osun micro-credit limited, Mr Dayo Babaranti; Chairman, Agbewumi cocoa farmers Association, Orisunmibare Iperindo,Mr Ajibade Moshood and another member from Atakumosa West Local Government,Mr Adegboyega Ismaila, during the distribution of cheques to 30 individual cocoa farmers who have been supported by Osun Micro Credit Agency to boost productions at the agency’s premises, Osogbo on Wednesday

Speaking shortly after the distribution of the soft loan in Osogbo, the General Manager, Osun Micro-Credit Agency, Mr. Dayo Babaranti, said a similar gesture had recently been extended to cassava and tomatoes farmers in the State.

He said the agency was determined to support the economy of the State as it is ready to revive micro, small and medium scale enterprises.

“We are here to distribute N5millon loan to 30 individual cocoa farmers in the four major cocoa growing councils in the State, namely Ilesa-West, Ilesa-East, Atakunmosa-West and Atakumosa-East respectively.

“This support is given to farmers for them to purchase chemicals and other things they need to spray and prevent cocoa from infections that usually to reduce their productions ahead of this year’s growing season.

“So, with this little support, our farmers can have access to some of the farm inputs to support their activities and increase their production,” he said.

Babaranti who urged the beneficiaries not to see the fund as free money but a support to advance their productions also charged them to use the fund judiciously and apply it on what it was meant for.

The Chairman, Agbewumi Cocoa Group, Mr. Ajibade Moshood, who commended the commitment of the state government to revamp agriculture, assured of the timely repayment of the loan, said, “We shall use the fund for the purpose it was meant for.”

 

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