{"id":11570,"date":"2017-03-16T20:32:06","date_gmt":"2017-03-16T19:32:06","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=11570"},"modified":"2017-03-16T20:32:06","modified_gmt":"2017-03-16T19:32:06","slug":"minister-urges-banks-to-increase-agric-funding","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/minister-urges-banks-to-increase-agric-funding\/","title":{"rendered":"Minister Urges Banks to Increase Agric Funding"},"content":{"rendered":"

The Minister for Agriculture and Rural Development, Chief Audu Ogbeh, has urged the Organised Private Sector (OPS), especially Nigerian banks, to increase funding in agriculture and make the country food self-sufficient.<\/p>\n

The Minister, who identified lack of capital and research as a major
\nhindrance to job creation and development in the sector, also stressed the need for banks to support the growth of the sector by lending on a single digit rate to farmers.<\/p>\n

Access to funding will boost agricultural production, as farmers will be
\nable to invest in higher yield seedling, better farming tools including
\nirrigation as well as afford extension services like research and
\ndevelopment.<\/p>

\r\n
Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

This will in turn, impact on harvest though the availability of foods for
\nthe masses, higher revenues for farmers and greater contribution to the
\nGross Domestic Product (GDP).<\/p>\n","protected":false},"excerpt":{"rendered":"

The Minister for Agriculture and Rural Development, Chief Audu Ogbeh, has urged the Organised Private Sector (OPS), especially Nigerian banks, to increase funding in agriculture and make the country food self-sufficient. The Minister, who identified lack of capital and research as a major hindrance to job creation and development in the sector, also stressed the …<\/p>\n","protected":false},"author":11,"featured_media":11441,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[1641],"coauthors":[2392,2393],"class_list":["post-11570","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-agricultur"],"yoast_head":"\nMinister Urges Banks to Increase Agric Funding - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/minister-urges-banks-to-increase-agric-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Minister Urges Banks to Increase Agric Funding - National Wire\" \/>\n<meta property=\"og:description\" content=\"The Minister for Agriculture and Rural Development, Chief Audu Ogbeh, has urged the Organised Private Sector (OPS), especially Nigerian banks, to increase funding in agriculture and make the country food self-sufficient. 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