Lagos State Launches Interest-Free Loan Scheme for Farmers

The Lagos State Government has launched the enumeration of farmers for the Federal Government’s FarmerMoni scheme, which offers interest-free loans without collateral to small-scale farmers. This initiative, introduced by the Ministry of Wealth Creation and Employment in collaboration with the National Social Investment Programme Agency, aims to improve farmers' access to finance, enhance agricultural productivity, and strengthen food security.

Hamza Baba, the National Programme Manager of the Government Enterprise and Empowerment Programme, stated that the Federal Government has allocated funds to assist farmers, especially those from the poorest and most vulnerable groups. Akinyemi Ajigbotafe, the Commissioner for Wealth Creation and Employment, emphasized the importance of agriculture in economic development and job creation.

The event also included the symbolic presentation of work tools and capacity-building training for GEEP desk officers across Lagos State. The initiative is expected to bolster agricultural enterprises and support efforts to improve food production and create sustainable wealth.