Bauchi Govt Grants N1 Billion Loan To Fertilizer Company

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Bauchi- The Bauchi State Government has approved the sum of N1 billion as loan to the state fertilizer company to boost production in this year farming season.

The State governor, Bala Mohammed disclosed this on Tuesday when he paid a visit to the company in continuation of his projects inspection tour across the state.

According to the Governor, the government has settled the backlog of debts amounting to N700 million indepted by the company, adding that the company supplies fertilizer to all farmers in the state and the north east.

“With the financial support given to it by the government, the company could extend the supply to other parts of the north, considering the fact that 99 per cent of the population of Bauchi state are farmers and only one per cent are civil servants”

“Almost all the federal allocations we collect monthly amounting to N6 billion N7 billion are expended on salaries. We therefore feel that we must boost agriculture and support our farmers who produce food for us” he said

He asked the management of the company to reciprocate the gesture by making good use of the funds and improving the supply of the product to farmers.

In his remarks, the chairman of the company Alhaji Bappa Aliyu Misau expressed appreciation to the governor for the gesture saying the money would boost the company’s production and profits.

He also called on farmers to take advantage on the various federal government interventions on agriculture and boost their farm produce and improve socio-economic development in the state.



Source: Daily Independent

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