The Bank of Agriculture, BOA, has disbursed more than N21.5 billion to farmers nationwide in an
empowerment initiative involving no fewer than 107,200 households.
Idiat Folorunsho, the Zonal Manager, South West Region, Bank of Agriculture, BOA, made the disclosure at the Ooni Ogunwusi Agric-empowerment Programme in Ile-Ife.
Mrs. Folorunsho said that dwindling oil revenue had forced a rethink in strategy in favour of agribusiness
She noted that BOA had taken necessary steps through deliberate policies and special programmes to galvanise the agriculture sector and engender the development of agribusinesses.
She also stressed that the bank was always ready to produce young farmer entrepreneurs to assist in food production and to make the nation be self-reliant in all agricultural products.