ACCOS Assures Oyo Farmers Of Loans To Boost Productivity

Chairman of the Agricultural Credit score Company of Oyo State (ACCOS), Sheik Taofeek Azeez Akeugbagold, has declared that aside from the 50 per cent tractorisation coverage of the present administration, they might additionally entry agriculture credit score and loans from the company to extend their productiveness.

He revealed this throughout a press convention held on the Ministry of Agriculture and Rural Improvement held within the state.

He lauded Governor Seyi Makinde for taking real curiosity within the growth of agriculture and the wellbeing of the teeming farming inhabitants within the state.

Earlier, the state’s commissioner for Agriculture and Rural Improvement, Barr Olasunkanmi Olaleye had stated the state authorities has commenced the second part of the 50 per cent land ploughing subsidy often known as the Tractorisation Coverage.

He famous that because of the huge assist that the Governor Makinde administration has been giving to farmers, the Nationwide Bureau of Statistics declared that Oyo State recorded one of many lowest meals inflation charges within the nation.

He added that the state may boast of getting grow to be one of many meals baskets of the nation, as greater than 9,569 tonnes of cassava, representing about 300 trailers, had been moved out of solely Ibarapa zone of Oyo State into neighbouring states between December 2024 and March 2025.

Olaleye hailed Governor Makinde for approving the continuation of the 50 per cent tractorisation coverage, which started in 2024, noting that the coverage represented the governor’s dedication to progressive and sustainable agricultural growth.

He maintained that the state authorities was in a position to attain about 1,487 farmers immediately by the programme in 2024, with about 6,090 acres of farmlands mechanically ploughed throughout the state.