Agriculture Headline Local News Nigeria Yobe

Yobe gov’t approves N500m Agric Loan to 4,000 teachers

Governor, Mai Mala Buni

Yobe State Governor, Mai Mala Buni, has approved a N500 million Agricultural loan to 4,000 teachers across the State.

The Director General Press and Media to the Yobe Governor, Mamman Mohammed, in a statement said the loan which is to be distributed in two phases is to equip the teachers to prepare and participate in the 2023 cropping season effectively.

The statement reveals that each of the 4,000 teachers is to receive the sum of N120,000 to engage in agricultural production.

Governor Buni,therefore, advised the beneficiaries to use the support judiciously for the intended purpose.

The facility which is to be granted by the Yobe Microfinance Bank, is to be redeemed within 24 months through the Yobe State Ministry of Finance and, the Ministry of Local Government and Chieftaincy Affairs.

Reporting by Alkasim Bala; Editing by Abdullahi Lamino