Guardian|| THE Nigeria Cassava Growers Association, (NCGA) – an umbrella body of cassava farmers in the country, has confirmed that the N10 billion intervention fund for cassava bread production promised by the Federal Government, is ready for disbursement.
National President of the association, Segun Adewumi, disclosed this while addressing journalists on Nigeria’s cassava project yesterday in Abuja.
He explained that the association through its executive council and all state chairmen had agreed to access the fund for the incoming rainy season.
Adewumi stated that the fund has been deposited at the Bank of Agriculture and the Bank of Industry for cassava growers and processors respectively.
“The fund is ready for disbursement, and has been deposited at the Bank of Industry for bakers and processors and at the Bank of Agriculture for growers.
“We were at the Bank of Agriculture in Kaduna and we all reached an agreement is that we will not to give the funds out until the rainy season comes. 50 per cent of the money is a grant while 50 per cent will be paid back by individual farmers in form of loan,” he said.
