Agriculture
CBN grants N2bn facilities to Valentine poultry farms
The Governor of Central Bank of Nigeria CBN , Mr. Godwin Emefiele has said that the apex bank has granted Valentine poultry farms, a subsidiary of Shonga Farms Holdings Limited in Kwara State with a facility of N2billion under the bank’s Commercial Agricultural Credit Scheme.
Emefiele said the loan attracts a single digit interest rate of 9%, stating that Kwara State has a comparative advantage in poultry business.
This he said made it necessary to support the management and owners of Valentine Farms whose business, he said, has provided employment for a lot of unemployed youths in the State.
Emefiele disclosed these facts during a working visit to Shonga Farms in Edu Local Government Area of Kwara State. He said the loan is meant to support value chain in chicken production in the farms with a potential of employing more youths.
Emefiele, in company of the Senate President, Dr. Bukola Saraki, Chairman, Senate Committee on Agriculture, Abdullah Adam and the kwara State Governor, Dr. Abdulfatah Ahmed, expressed satisfaction that critical sectors in the farms are being managed by Nigerians.
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