Nigeria: FG Urged To Grant Soft Loans To Boost Investments


WorldStage Newsonline- The Agricultural Traders Welfare Association (ATWA) has been appointed to the Federal Government to grant soft loans to enable Nigerians to invest in the agricultural sector.

Mr Joseph Okeke, President, ATWA who made the appeal in Abuja during the inauguration of the Implementation Committee of the Partnership Venture between the Ministry of Industry, Trade and Investment and ATWA in the Establishment of Agricultural Produce International Markets, said that granting of soft loans should be part of the incentives to encourage more investors

Okeke said that the association has led to a study of various agricultural areas and to the extent to which they have enabled the industry to make comparisons.

"He is our plan to construct specialized markets based on storage, preservation, centrality, accessibility and security of such goods and services," he said.

Okeke urged the government to provide a favorable environment that would encourage local and foreign investors to move into the project.

He said that in order to motivate more participants in the project, the association was awarded to Nigerians between March 7 and Sept. 6.

He said that the project implementing committee would ensure that best technologies and healthy preservation procedures were employed.

Okeke said that the association would be linked to the international market and to the international market.

He called on the government to facilitate bilateral and multilateral trade relations.

Okeke said that with proper fonts, the country would be able to tackle the challenges of poor market development in onshore and offshore potential for agricultural produce.

He said that developing markets would help with preservation, consolidation, packaging and market visibility.

The Permanent Secretary in the ministry, Mr. Edet Akpan, said that the partnership was a reflection of the policy thrust of the government to promote and develop the non-oil sector of the economy.

Akpan was represented by Mr Haruna Mohammed, Director, Human Resources Management Department in the ministry.

The permanent secretary said that the partnership would bring about market access for special goods and commodities, add value and employment.

Others are localized benefits, preservation facilities, competitiveness and standard, wealth generation and export drive.

He said that government would provide an enabling environment for the smooth take-off and operations for the markets.

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