LAPO empowers farmer with N3.5 billion in 2015 fiscal year

LAPO empowers farmer with N3.5 billion in 2015 fiscal year
LAPO empowers farmer with N3.5 billion in 2015 fiscal year

As part of policy geared towards boosting food sufficiency and security, the management of Lift Above Poverty Organization (LAPO) says it empowered over 68,000 farmers with N3,725,424.900 billion in 2015 financial year.

Sabina Idowu -Osehobo, executive director of LAPO gave the hint in a chat with newsmen in Benin-City.

Osehobo said the figure represented 45 percent increase over the sum of N2, 567,269,480 billion disbursed in 2014.

She disclosed that the fund was disbursed under the LAPO Agricultural and Rural Development Initiative (LARDI), a unit designed to energize the Nigerian agrarian economy through the provision of affordable credit and extension services.

She noted that the policy was geared towards improving the general living conditions of rural farmers.

The LAPO executive director also noted that the organization was determined to address the problem of food scarcity in Nigeria through LARDI.

She however listed other objectives of LARDI to include, improve the income, food security and general living conditions of poor rural household’s particularly women-headed households and youths.

While expressing satisfaction with the performance of the organization in agricultural sector, she posited that the sector has over the years suffered serious setbacks due to poor funding, inadequate manpower, government insecurity and poor infrastructure.

Previous articleFCMB makes impact in Nigeria’s agribusiness financing
Next articleIMF growth downgrade signals urgency for Nigeria policy response
Haruna Magaji is a journalist, foreign policy expert and closet musician. He is a graduate of ABU Zaria and a member of the Nigerian union of journalists. JSA, as he is fondly called, resides in Suleja, Abuja. email him at - [email protected]
  • I do accept as true with all of the ideas you’ve introduced in your post. They’re very convincing and will definitely work. Nonetheless, the posts are too short for novices. Could you please extend them a bit from subsequent time? Thanks for the post.

  • VinceHBerdes

    Its like you read my thoughts! You appear to grasp a lot about this, like
    you wrote the e book within it or something that is. I do believe that you just could use
    some p.c. to power your message house a bit, however aside from that,
    that may be great blog. An incredible read.

    I am going to certainly return.

  • DrewMKoors

    There exists certainly a great deal to know about
    this subject. I like all the points you may have made.