The German Society for International Cooperation (GIZ) and the International Fund for Agricultural Development (IFAD) will train 2,000 farmers in Niger on financial literacy.
The Nigeria News Agency reports that the farmers were drawn from the 16,000 farmers currently participating in the Value Chain Development Programme (VCDP) for rice and cassava in the state.
Mr Mathew Adetunji, GIZ representative made this known while opening a four-day training for the farmers on Monday in Minna.
Adetunji said that the training would enable the farmers know the necessary steps in accessing financial services around them.
“Over 60 per cent of farmers across Nigeria are not financially literate. This situation had caused them to lose opportunities to access loans.
“We realized that most of the farmers do not know how to access financial services. The financial literacy of farmers in Nigeria is about 45 per cent,” he said.
Adetunji said that the training would enlighten the farmers on the formal financial services and products available to them.
Dr Mathew Ahmed, the state Coordinator, IFAD-VCDP said farmers would be linked to financial institutions after the training where they could access soft loans.
“Farmers are always complaining that they are unable to access credit and they cannot do agriculture without having credit facilities advanced to them.
“We will link them with financial institutions and track the way the loans are utilised,” Ahmed said.
He said financially literate would help the farmers save money for the future, borrow money responsibly, invest wisely and make informed decisions regarding financial products and services.
“The knowledge, skills and confidence gained during the course will help them expand their agri-business and other aspects of their lives,” Ahmed said.
He urged the farmers to look at agriculture as a business, adding that they should utilize the various financial windows provided by government.
“You need to change your mindset of seeing farming as anything other than a business. If you do not take agriculture as a business, you will find it difficult to get loans,” Ahmed said.
Hajiya Fati Abdullahi, a farmer, who thanked the GIZ and IFAD for the gesture, said that the training would increase her financial management skills.
Edited by Razak Owolabi/Ismail Abdulaziz
- U.S. firms dominate global sales of military equipment, services – Report
- Wild weather in New Zealand leaves 1,000 tourists stranded
- Saudi Arabia pledges more humanitarian support to Nigeria
- APC wins all 16 Chairmanship seats in Ekiti council poll
- Wike approves enrolment of more pensioners on payroll
- AFN: Shehu-Gusau vows to unravel corrupt practices
- Yoruba leaders want govt. to tackle unemployment
- Ekiti poll: Fayemi tasks police on killing
- Kwara lawmaker commends Lai Mohammed for uniting Igbomina people
- NPFL: Abia’s haul gives Sunshine maximum three points
- Osun United FC 0-3 loss to 3SC, a lesson- Omokaro
- Ibadan chief seeks investment in sports, donates $3,000 to 3SC
- Ganduje restates commitment to human rights protection
- Lack of labour-saving technology affecting women farmers’ health –SWOFON
- Nigeria qualifies for 2020 World Ultra Runners Championship
- CAF Cup: Enyimba defeats FC San Pedro, Morocco 1-0 to move to second position in Group B
- Get something doing, don’t be fulll time housewives, NGO tells women
- IPPIS: ASUU South East insists it will erode university autonomy
- Babcock varsity cardiac centre performs 300 open heart surgeries — VC
- NiMet predicts hazy, thundery weather conditions on Monday
- Air traffic engineers wants FG to invest more on cyber security
- Lagos Assembly will not repeal ex-govs’ pension law — Spokesperson
- PDP sweeps Adamawa LG election
- Empowering women means mobilising society for economic dev’t, says IHVN official
- Allow judiciary to operate freely, Archbishop Martins urges President Buhari
- Anglican communion bans brochure, `asoebi’ uniform during burials
- Nasarawa Govt. spends over N240m monthly to subsidise health services at specialist hospital- CMD
- ASUU in South East rejects IPPIS, says it will erode university autonomy
- Buhari pays tribute to Sarkin Malamai Gombe, Wabili
- Dabiri-Erewa hails Anthony Joshua’s boxing victory
- Bayelsa guber: Accept defeat, stop heating up polity, APC advises Gov. Dickson
- Thanksgiving: Cleric urges politicians to shun greed
- Foundation distributes 400 footwears to vulnerable children in Kaduna
- Jos consumers urge Plateau Govt. to check re-bagging of local rice
- Association urges SSCOE management to address viral hate speech by lecturer
- Akeredolu appoints three new aides
- Illegal operation: Lagos Govt. seals 24 pharmacies, patent medicine stores
- Association appeals to Enugu govt. for regular payment of pension, gratuity of teachers
- 2020 budget: Reps minority caucus promises to monitor implementation
- Cassava production: Scientists meet in Tanzania to review progress
- Don calls for service to Allah, as OAU MSSN inaugurates new executives
- FGGC Yola old girls pass vote of confidence on Saromi
- NAF partners US DOD to enhance medical, casualty evacuation capabilities
- 19-year-old Yahoo boy sets girlfriend ablaze over lover
- Foundation distributes 400 footwears to vulnerable children in Kaduna.
- Presidency dismisses insinuations over Sowore’s arrest, says Nigerians deserve peace
- Lagos Govt to launch App on annual cultural events
- Osinbajo to speak at UAE peace forum
- Adamawa APC rejects LG election results
- Restriction of Journalists covering Imo assembly activities, a dangerous precedent—Union