By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: CBN Disburse N53.3m to Cassava Farmers In Auchi
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

CBN Disburse N53.3m to Cassava Farmers In Auchi

Farouk Mohammed
By Farouk Mohammed
Published: November 29, 2018
Share
3 Min Read
SHARE

The Central Bank of Nigeria (CBN) has disbursed N53.3 million to local farmers in Auchi through the Elephant Group PLC/Edo State Government Cassava Project.

The Coordinator of the project, Alhaji Abdullahi Muhammed, made this known in an interview with the News Agency of Nigeria in Auchi, saying 120 farmers had started receiving N444,800 each.

“This cassava project is being initiated under the Elephant Group PLC in conjunction with the Edo State Government.

“A total of 120 farmers have been screened and CBN has disbursed the sum of N444,800 each to 120 farmers totaling N53.3 million.

- Advertisement -

“As I am speaking to you, the farmers are receiving the alerts,” he said.

Muhammed further said the 120 farmers were grouped under the Ozemoya Farmers Multipurpose Cooperative Society, adding that the group was expected to cultivate 240 hectares of cassava.

The coordinator thanked the apex bank for granting them the funds and the Otaru of Auchi for the donation of land for the farmers to cultivate.

He appealed to the state government to commence the land preparation in order for the farmers to begin cultivation.

- Advertisement -

“We want to thank the Otaru of Auchi who graciously approving the land for the cultivation of cassava.

“We want to thank the CBN for giving us the opportunity to access the fund directly; individuals have gotten the sum of N444,800 each credited to their accounts in readiness for the project.

“We are appealing to the state government that as the CBN has already disbursed the money to the farmers, government should commence land preparation so that we farmers can start to grow the crop.

“The farmers are ready, CBN has already done its part and the state government is what we are waiting for.

“The supply of chemicals and fertilisers and training of farmers have been completed to make the farm project a success,” he said.

In his contribution, the Edo Commissioner for Agriculture, Mr Monday Osaigbovo, said funds would soon be released in order to carry out land preparation for the cassava farmers to cultivate the land.

“This is a state government project and there is already a memo to that effect.
“We are awaiting the approval for the release of funds and as soon as funds are ready we will begin land preparation,” he said.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:Cassava FarmersCBN
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByFarouk Mohammed
Publisher
Follow:
Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
Previous Article Nigeria Police Announces New Recruitment Advertisement
Next Article You Might Stay Longer at Home if… – ASUU tells Nigerian Students

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Rate

Okay.ng Logo
Buy Rate ₦1,560.00
Sell Rate ₦1,570.00

Updated: 2 days ago

Displayed rates are for informational purposes only and are subject to change.

Quick Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Ali Bukar Dalori
Ali Bukar Dalori Assumes Role as APC Acting National Chairman After Ganduje’s Resignation
Politics
MI Abaga
MI Abaga Expresses Regret Over Past Support for APC
Celebrities
Senator Natasha Akpoti-Uduaghan
JUST IN: Court Grants Senator Natasha Akpoti-Uduaghan Bail on Self-Recognition
News Top stories
Anambra State Orders Investigation After Viral Video Shows Possible Anti-Touting Squad Excesses
News
Kano Governor, Emir Sanusi, and Jigawa Leaders Attend Alhaji Aminu Dantata’s Burial in Saudi Arabia
News
- Advertisement -
Ad imageAd image

You May Also Like

International

Two Firefighters Killed in Idaho Wildfire Ambush as Gunman Opens Fire

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 30, 2025
News

FG Rewards 18 Civil Servants with Cars, Laptops for Outstanding Service

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 30, 2025
News

FG Allocates N1.6tn to States, FCT for Infrastructure and Security Over 15 Months

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 30, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?