FG unveils tractor hiring scheme in Kaduna State

Date:

February 5, 2023.

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Azonuchechi Chukwu.

The Federal Government has begun distribution of tractors to farmers in Kaduna State as part of strategies to enhance mechanized agriculture and boost food security.

Minister of Agriculture and Rural Development, Mohammad Abubakar stated this at the inauguration of the distribution exercise under the FG’s Agricultural Tractorisation Programme on Saturday in Kaduna.

He said that agriculture being the key sector driving the economy, hence the need for it to be reinvigorated through tractor acquisition to achieve food security.

The minister said tractors would lead to improved quantity and quality of food per person as well as reduce drudgery of farmers in the country.

“Increasing productivity through tractorisation is fundamental to food security as we have seen in countries like China,” he said.

According to him, farmers are expected to make 40 per cent down payment while the balance of 60 per cent will be spread over a period of three years.

He reiterated government commitment to provide dividend of democracy through provision of enabling environment to the citizens.

The Managing Director, Bank of Agriculture (BOA), Alwan Hassan said farmers relied on manual labour, hence they could not increase food production levels in the country.

He said the programme has been designed to enhance farmer access to tractors and implements, to encourage mechanised agriculture in the country.

Hassan said tractors would be released to the Manage Service Providers on loans, while farmers could access them under a hiring scheme, to increase productivity, stabilise prices and food security in the country.

Earlier, Ernest Umakhihe, Permanent Secretary in the ministry, said the programme would move agriculture from subsistence to commercial venture.

“Agricultural mechanisation will improve yields, address nutrition issues and food security”.

On his part, Iliyasu Muazu, Chairman, Maize Famers Association of Nigeria, Kaduna State Chapter, commended the gesture, adding that it would assist farmers who could not afford tractors.

He, however, called for more support to the Manage Service Providers to ensure that farmers benefit from the programme across the 774 local government areas.

The Chairman urged farmers to take advantage of the subsidised tractors to improve their productivity. (www.naija247news.com)

Azonuchechi Chukwu
Azonuchechi Chukwuhttps://gravatar.com/azonuchechivchukwu
Azonuchechi Chukwu - Business Journalist at Naija247news.com Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at Naija247news.com. With a passion for unraveling the complexities of the business world, Azonuchechi brings a wealth of expertise and dedication to his role. As a Business Journalist, Azonuchechi specializes in providing comprehensive analyses of market trends, corporate developments, and economic indicators. His in-depth reports offer Naija247news.com readers a nuanced understanding of the forces shaping the Nigerian and global business landscapes. Azonuchechi Chukwu's commitment to journalistic excellence is evident in his ability to translate complex financial information into accessible and engaging narratives. Whether exploring stock market fluctuations, corporate strategies, or economic policies, he strives to deliver content that empowers readers with valuable insights. With an educational background in business and a keen interest in the intersection of finance and technology, Azonuchechi stays at the forefront of industry dynamics. His coverage extends beyond traditional financial reporting, encompassing the dynamic realms of fintech, entrepreneurship, and sustainable business practices. Azonuchechi Chukwu's work goes beyond the surface, aiming to foster financial literacy and awareness among Naija247news.com's audience. By demystifying economic complexities and shedding light on emerging opportunities, he plays a pivotal role in keeping readers well-informed in the fast-paced world of business. As Naija247news.com's Business Journalist, Azonuchechi Chukwu continues to make meaningful contributions to the platform's mission of delivering timely, accurate, and relevant business news to its diverse audience. His dedication to journalistic integrity and his ability to navigate the intricacies of the business realm make him an invaluable asset to the Naija247news.com team.

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