OGSG Anchor Borrowers’ Programme Attracts Single Digit Loan – Abiodun

The Ogun State Governor, Prince Dapo Abiodun has disclosed  that the Ogun State Anchor Borrowers Programme will provide inputs, service support and training required for farmers, through a single digit loan and a guaranteed off takers, adding that his administration is fully committed to improving the  lives of the people.

Prince Abiodun who stated this in his office at Oke Mosan, Abeokuta, while inaugurating a Steering Committee to oversee the programme, said the State government was committed to the development of all sectors of the State’s economy, appreciating the immense potentials of the agricultural sector.

The Governor while saying that providence had blessed the State with favourable climate, fertile soil that sits on over 16,000 square meters, of which 80 percent is arable, reiterated his administration’s target to produce enough food to attain self-sufficiency and food security.

“The target of our administration is to produce enough food to attain self sufficiency and food security in the short term and over the long term, produce enough food for other States and for export.

“Providence have blessed us with favourable climate and fertile soil for agriculture, we sit on  a land mass of over 16,000 square meters, 80 percent of which is arable, that is we have over 12,800 square meters of arable land”, he said.

The State’s helmsman, who expressed displeasure that the State had never accessed the Central Bank Anchor Borrowers Programme, called on the people to join hands with government to chart a way forward for the development of agriculture in the State.

“While we have seen the success of the Anchor Borrowers’ scheme in other States, it is disheartening that Ogun State has never accessed the CBN anchor borrowers program through the public window”, he said.

He noted that the inauguration of the committee was a practical demonstration of his administration’s commitment towards the development of the agricultural sector, adding that the programme would be targeting over 40,000 farmers, of which 10,000 would be first attended to.

“This programme, we are targeting the empowerment of over 40,000 farmers, starting with 10,000 farmers to which we are going to allocate 10,000 hectares of land”, he said.

The steering Committee, according to the terms of reference, would play a supervisory role in the implementation of the Ogun State Anchor Borrowers Scheme, design overarching methodology, and communicate decisions taken on the project to the Governor and other stakeholders, set up project supervision management teams and local government committees.

They are also to review cost of production for all value chains, approve identified input supplies, negotiate and enter into agreement with credible anchors.

Other terms of reference were, to supervise coordination and monitoring of the projects, ensure timely distribution of funds and inputs, ensure timely payment by anchor, ensure repayment of all loans, escalate issues that cannot be resolved by the committee and ensure programme is developed, delivered and implemented as scheduled and within scope.

In his response, the Chairman, Ogun State Anchor Borrowers Program Steering Committee, Prof. Adebola Okuneye, appreciated the governor for their selection in the task of repositioning the agricultural sector and steering the State’s Anchor Borrowers programme, promising that the Committee would be thorough and diligent in the assignment in order to bring revolution to the sector.

Members of the committee included, Dr. Adetunji Oredipe, Mrs. Abosede Ogunleye, Dr. Angel Kuye, Hon. Abiodun Niyi, Prince Segun Dasaolu, Mr. Okanlawon Suraj and Mrs. Oyinlola Oyenuga, Mr. David Olawale.

Others were Mr. Kayode Abiodun, Mrs. Oluyemi Kuforiji, Mrs. Oluwafunmilayo Oyewole, Mr. Ejalonibu Adebayo, Chief Abdulazeez Abolore, Prof. Lateef Sanni, Alhaji Bakai Okedara, while Mrs. Taiwo Ayansanwo would serve as Secretary.