Special Micro Finance Bank Underway To Boost Agric In A’Ibom
The Akwa Ibom government has disclosed plans to float a bank to enhance support for farmers in the state. It will be called Ibom FADAMA Micro-Finance Bank.
Gov Udom Emmanuel said this, Monday, during the opening ceremony of a two-day retreat on inter-agency agricultural investments organized by the Akwa Ibom Agricultural Investment Directorate at the Signature by Royalty, Uyo.
Emmanuel said already the enlarged executive council meeting recently has taken up deliberations on the matter.
He explained that his administration took the decision of creating a separate agency for food sufficiency to address the significance of making food and raw materials available to the rising population and upcoming cottage industries in the state, stressing that there was urgent need for the agency to prove itself using available expertise and training provided by the state.
Emmanuel tasked inter-governmental agencies on agriculture to initiate proactive and creative researches to justify huge investments meant to feed the teeming population of the state.
The governor said that there were several opportunities at the disposal of the agencies on agricultural services to make investments by accepting the infusion of prevailing wave of innovations to be part of the daily activities, adding that the abundant natural resources are capable of being harnessed to the needed financial needs of families and the state.
He said his administration looks forward to seeing more tangible results of investments in agriculture and match other competitors, remarking that the state technical committee on agriculture has the obligation to broaden skills of personnel in agriculture beyond the present standards.
The commissioner for agriculture and women affairs, Dr Glory Edet, appreciated the Emmanuel-led administration for the timely gesture of approving the hosting of the retreat, describing the response as a demonstration of commitment and passion towards food sufficiency in the state.
Edet said the retreat was organised to ensure the productivity of agricultural agency's personnel and streamline relevant roles of stakeholders in agricultural services, while also ensuring further encouragement of investments in the sector.
The chairman, State Technical Committee on Agriculture and Food Sufficiency, Professor Edet Udoh, said the vision of making investments in agriculture a priority of the Emmanuel administration has received wide commendations, remarking that the contributions of the various stakeholders have given Akwa Ibom an edge in food production.
Udoh noted that the successes recorded by Akwa Ibom government in agriculture have helped in attracting investors, saying, "We've moved from food availability to food adequacy, now we're heading to food sufficiency".