Tuesday, 2 January 2018

Bank Of Agriculture Disburbes 1.4 Billion in Kogi State


The Bank of Agriculture (BOA) has disbursed over N1.4 billion in Kogi State since inception in 1972.BOA Managing Director Kabir Muhammed Adamu made this known during the inauguration of its branch in Okene, Kogi Central.

Of the amount, he said N375,906,289.72 has been repaid, leaving an outstanding balance of over N1 billion, a development he described as discouraging.

Represented by the Executive Director, Retail Banking, Mr. Emmanuel Ameh, he said prior to the initial closure of the branch, N91,915,624.42 was disbursed to members of the community, adding that the repayment has not been encouraging.

He added that the branch would have 100 per cent repayment in subsequent disbursements. He called on those who have benefited from its facilities to repay in order for others to benefit.


The Sole Administrator of Okene Local Government Area, Alhaji Abdulrazaq Mohammed Yusuf, commended the Federal Government for inaugurating the Okene branch.

He said the bank was brought to Okene to alleviate the suffering of the people, adding that the local government provided farm implements and supplied 600 bags of 50kg NPK fertilisers to farmers at no charge.
Source:/Agrobusiness.com.ng

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