i.ZD MONDAl'.OCTOHER '5. 201:Z homes &
f'\J\IcH
nl
;JrORer.LJ._ __ Farmers can benefit from mortgage facilities - RSL boss Akil1pelu Dada
T
~hnagmg Director. IlMort Sa,ings!llld Loans
il E
Pk. Mr. Abimbola Ola)inka. ha.. given an ill!iight into how fanne .... aIn bt'nclil from the ',UIOU$ Inortg;lge products 3\'aiJahh' in lhe 00111111)' III orilt'r to boost their production rnpacitil's l it' g..1W the insight at a one-dJ\' retreat Ol'J.,ni!;(od in II group of flllmco1"5 in Ado ~ jti, Ekili Slate, on Friw, Qllwinka. wJIO deli''ered a Jectl1rt' liliro. The impac1 or tTt'dit on agriru1tllral df"\'{'lopmellt In South
weslem
Nigeria'
Prim.1Tl
111011&11&(' bank option, ob:serllm that ngriculture remainoo Ih" mainstny of the econonw Uecaust' of Ihe largl' "''Orkfon:e engaged bll thcsedor
lie, how(··..n. noted that [lInjOntv of the Cnn11ln~ poputntiol1 ore "11111111· holdl'I"" TIlls cat~orr. IIccurtlill/i\ to him, lS !e\~I}' flK"td \\;111 lack of financin/i\ for
productwe
and pmchcal el1~l~elllent in commercial r:lnnin~ II <:11u.1OOIl tim! ha.<: rel~tro lm-m III Im¥ pnxlucti\ily. low inromp,
low m\~1 aOO eooemllC
inst1lUIK)115 Jikt' microfinalKT
vicious c:ircleof pm'ertv
b.1nks, lhe RSL bo&s saki
While noting 111.11 bridging Ihe lin:mcing gap for "mall·holder farmen in the country hAd been It mapr coocem 10 the gO\-emnM'lIt and. 'TK~. UK"Ccntrni8.1nk of Nigeri.1. OIIlYlll~ said the "bank. in ooll nbornhOIl with gO\'!'mment, has O\~
the )'\'31"<. enuoci.llro I>mgr.unmes and poI~ that pl'O\U rnlcl'O---tt'edil for 'h<m Whilt' enurnernlmg 1Ilf'
\'a1"lfJU!:
illh~I"\"'ntion.<:
III tht'
fanTlin" octnities b) CBN and either financial
tilt'
ht'en
emlll
windows
fnl11ght
ha,1
\"';111 <:O1lll'
l'Onstrni nls Accon:linlt 10 him, Il'II':Kt k-nding ill!ititulions a~ \'N IO!l("('CptagricII!hn!lendmr. !l-~ a profilahle bU$ille5S ·Wbilc thc~' \'enlure 11110 !ellding In other equ.111, risk)' o;eelo" <wictlllllrni
of "lulls IIIl1gnc'uhural credit IIppraisal. mOl1ltonn" and I1dministrallnn III most of thl' b.1nks.~ ht' <;'1id 011 the p<1rt of hom)wt'r<:. QJ;l\illka sair! 'the'lr !'Illall· holding,<; ar)(1 srnttel'Hl n:ltllre r~1 tl'Chnical and monkt ril"f'l."OOfIllli~. (l~ it requires huRl' ('OSt.-.; (Jf 10.111
admill~~tr.ttiOIl
important
i~
AiV!
Ih" fact II1lIt
acti\'ilie; hlwe alwa,,,,, ht'cn IlIgged liS (roughl wilh
IT1.Oln\· faml hnl<hn~ operate
IInrer1l1inli~
:lgnmomlC
of ....'eather. 1I1111lrni hovml<: anti pos..<:ihle IIl1ncks from pest lind diseao;(':';, TIlis is fur1ht'r rompounded h)' the dearth
Ullri{'f" di\'l'l'"'II!" ("uhural and I'filctil:e<;.
ami
\Jus creates hll~1.' exlension c\1Il1k-nges. "hieh k.,n nffl('l;'l"< af'{' ilI--t'1'}lliPIlf'I'llnadllll"'O.". Musl faTlIIIII", populatiun,
arcorrlmJl to him. abn lad.. tlw umk-r<:lilnfhn~ ~nd tllf" n'mp.1.en~/:tI'pr..nrltl()n of lilt' impllrtntlN' nf k('('pml! farm I'f'('OfI'l~ I"hL~ lIIil~""" II dlfflClIlt rOI Ihem In tah· .ll'I)lT)l'riatl' I"('f)nOI11lf' cI"n~1<)I1<: 1111<1. thus. "Ollstltntt' ""nulls hunllt'"'" ttl 101111 'lfrK'l'r<: 111 'l..S~f"<<:mg tlM'1I ("f{'(lil "'~'rthillP'<!;
and n"" tn th ..
,,~
of ]"1111 nl'l'l'lIi....11~ Ola~iTlk." .... id fllrtIH'!
i!lq~llI
C'l)n~lrnillt~
"f th.·
GI"11111;
int(. Ih..
hnmm'l.'r<:, II" ~11''''''if'(1 th·'
n"f'd
rOT
fin:u1C"illl Iitl'f:lC'"l
IImnnl( fanTl"~
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