Reps probe alleged misuse of N25b import tariff

The Bank of Agriculture (BOA) has decried attitude of farmers to payment of loans incurred from the bank, saying the development has negatively impacted on its operations.

The bank disclosed that it has so far given out N4.7b loans to farmers from the Southwest, threatening it will go after defaulters and “recover every kobo received.”

Zonal Manager, South-West, BOA, Mrs. Idiat Folorunso who disclosed this in Ibadan at a press conference to make public some products of an agro allied company, Capsfeed Limited said many farmers erroneously perceived loans taking from the bank as “their share of national cake.”

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As part of measures to boost the nation ‘s economy, the Bank of Agriculture (BoA) has said that strategies for adequate financing of the Agricultural sector that would generate employment and empower clients in Agri- business.

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