LEGISLATIVE FRAMEWORK UNDERWAY FOR LOW-INTEREST LOANS TO FARMERS- SPEAKER 22-07-24
By Sadiq Aminu. The Speaker, House of Representatives, Dr. Tajudeen Abbas, says the parliament is committed to enacting laws that would enable agricultural banks and other financial institutions to give low interest loans to farmers in order to achieve food security.
The Speaker made this submissions in Abuja at the ‘Second Interactive Session and Workshop on Developing Bankable Business Proposal, Business Plans for Youth and Women in Agriculture’, organized by the African Development Bank Group, in partnership with International Institute of Tropical Agriculture, Nigerians in Diaspora Commission and Nigerian Agricultural Insurance Commission.
Represented by his deputy, Mr. Benjamin Kalu, the Speaker urged the African Development Bank to continue its collaboration with the Committee on Cooperation and Integration in Africa, stressing that the partnership is vital for advancing initiatives that can drive significant progress across the continent.
Dr. Tajudeen explained that the future of oil is uncertain and therefore makes it imperative for the country to invest in alternative sectors of the economy.
“The future of oil is increasingly uncertain, especially as the global community shifts towards greener, more sustainable energy sources. This reality makes it not just necessary but urgent for us to explore and invest in alternative sectors, with agriculture standing out as a critical area for development”
The speaker said in line with the legislative agenda, the House is committed to supporting youth development, by working closely with the executive branch, to launch public work programs targeting young people.