Ogun’s Deputy Governor Highlights Funding Shortfalls As Barrier To Farming Engagement

Ogun’s Deputy Governor Highlights Funding Shortfalls As Barrier To Farming Engagement

Ogun State Deputy Governor, Noimot Salako-Oyedele, has highlighted the lack of financial access as a major factor discouraging agricultural activities in rural areas. She noted that this financial gap often leads rural inhabitants to abandon farming and migrate to urban centers……CONTINUE READING 

Salako-Oyedele made these remarks during a recent meeting with a delegation from the Chartered Institute of Bankers of Nigeria, led by National President Prof. Pius Olanrewaju, at her office in Abeokuta. Accompanied by Commissioner for Industry, Trade, and Investment, Mr. Adebola Sofela, Salako-Oyedele emphasized the state’s commitment to becoming a leading investment hub in Nigeria through various economic policies.

She outlined that Governor Dapo Abiodun’s administration has implemented policies over the past five years that have attracted new companies and industries, enhancing the state’s economic landscape. The deputy governor also mentioned recent agricultural initiatives, including the launch of harvest operations on 200 hectares of rice farmland near the Ogun River flood plain and plans to expand this to 2,000 hectares, aiming to engage more young people in agribusiness.

Salako-Oyedele stressed the need for support from the banking sector, particularly for smallholder farmers who are often considered high risk. She urged bankers to increase their outreach in rural areas to mitigate rural-urban migration and support the growth and survival of the agricultural sector.

Prof. Deji Olanrewaju, President of CIBN, praised the state’s administration for its efforts in industrialization and infrastructure development, noting the emergence of new companies and the construction of a multi-functional airport in the state. He commended the administration’s forward-thinking approach, which he believes lays a strong foundation for future growth.

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