The Central Bank of Nigeria (CBN) will supplement the investment of Valentine Chickens, a subsidiary of Shonga Farms Holdings Limited in Kwara State, with a loan of N2 billion from the Commercial Agriculture Credit Scheme.
CBN’s Governor Godwin Emefiele stated this when he visited Shonga Farms in Edu Local Government.
He u know. U h CCv’HIV hhuuhh yes you noted that the loan is to support value chain in chicken production, with the potential of employing more youths.
According to him, Kwara has a comparative advantage in poultry business, and will support Valentine Farms, which business has employed many youths.
Emefiele, who was accompanied by the Senate President, Bukola Saraki, Chairman, Senate Committee on Agriculture, Abdullah Adam and Governor AbdulFatah Ahmed, expressed satisfaction that critical sectors in the farms are managed by Nigerians.
He praised the government for the initiative, describing it as an example of a successful collaboration with foreign direct investors that created employment in the agro-allied sector.
Saraki thanked Emefiele for supporting commercial agriculture in the state, and assured foreign investors that lawmakers will support agro-allied related businesses through appropriate laws to create more employment.
Ahmed assured Emefiele the state is well positioned to champion commercial agriculture revolution in the country.
He added that his administration has established an off-taker demand driven scheme based on lessons learnt from the Shonga model, to empower farmers, create jobs and establish Kwara State as a major agriculture hub in the country.