Agric Cluster Collaborates With Federal Mortgage Bank To Boost Commercial Farming
Tede community in Atisbo Local Government Area of Oyo State in collaboration with Federal Mortgage Bank has made available 10,000 hectares of mechanisation-friendly land for farmers with farming infrastructure such as a dam and housing scheme.
Nigerian Tribune also gathered that Tede Agri Industrial Cluster has commenced farming operations on the land.’
The Project Administrator, Mr Ganiyu Adedeji, said the 10,000 hectares are available for real farmers from all over the country.
He said: “We are ready to contribute our quota to the food security of our country. This cluster will become a major hub for companies seeking raw materials like corn, cassava, sorghum, ginger, thyme, oil palm and several others.
“The cluster promises to be an all-year-round production hub with the commencement of construction for two dams to serve the farming cluster. Other features of the cluster include a 200-unit housing scheme being built in partnership with Federal Mortgage Bank and AG Mortgage Bank.”
Ganiyu explained that the housing units were being built with finance from the two banks and enlisted farmers are to pay back the loans over a period of up to 20 years. Other features of the cluster include the use of D-FAMA technology, an application deployed for precision farming.
