Taraba State: IFAD seeks farmers’ access to credit facilities

The International Fund for Agricultural Development (IFAD) has highlighted the need for farmers in Taraba State to have access to credit facilities in order to boost production.

The IFAD State Programme Coordinator, Mr Irimiya Musa, stated this during a three-day training for financial institutions organized by the IFAD’s Value Chain Development programme (VCDP) in Jalingo, the State’s capital.

Musa noted that technical support to financial institutions became imperative following the difficulty faced by rural farmers to access loan facilities to boost their farming businesses.

“Many farmers find it difficult to approach financial institutions for facilities to enhance their businesses.

“Some of them do not even know how to open bank accounts.

“This training will empower them to take the right steps,” said Musa.

He also urged the rural farmers to understand how to be financially inclusive to enhance productivity and food security, adding that IFAD-VCDP was collaborating with some financial institutions to ensure the process of providing credit facilities to farmers becomes mutually beneficial.

Source: Agro Nigeria