As the year 2017 winds down, you are probably making your new year resolution.

If you are, part of that resolution should probably be to become a farmer.

And this is because there will be cheap funds for all those who decide to become one.

The Central Bank of Nigeria, CBN is planning a 5% interest on loans given to farmers next year.

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That is the cheapest cost of fund you may find for any sector in Nigeria.

The Governor of CBN, Godwin Emefiele, said that the Federal Government will provide cheap funds so that the farmers can procure agricultural equipment to enhance food production in the country.

Emefiele made this clear on Thursday at the launch of Ogun State’s produced MITROS rice at the agro services corporation headquarters, Asero, Abeokuta.

The CBN governor said the launching of the locally-produced Ofada and parboiled rice varieties was a pointer to the fact that the state government had keyed into the Federal Government’s agricultural revolution programme.

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“Ogun State continues to demonstrate the urge to support the focus of the government to create jobs and to grow the economy. A country that doesn’t take agriculture seriously is naturally an unserious country.

“We are going to be looking at providing cheap funding at no more than five per cent for those who are going to be assessing facilities to acquire agric equipment like threshers, harvesters, or those who will be going into fish farming, or those who will be going into feed mills,” Emefiele said.

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