Funding delays tractor hiring scheme in Kwara

Date: 2015-04-23

The take-off of the private sector-driven tractor hiring scheme recently launched by the Federal Government is impeded by the inability of the operators of the scheme to fulfill necessary financial obligations to enable them acquire the tractors, investigations by Daily Trust have shown.

The new scheme involving private individuals and banks was designed to replace the tractor hiring unit of the federal ministry of agriculture which is now moribund.

With the new scheme, the person who is supposed to be the service provider would pay 20 per cent of the money, the bank pays 30 per cent as a loan, and the vendor who is the owner of the tractor bears 30 per cent while government pays 20 per cent.

It was gathered that during the bidding process carried out by the federal ministry of agriculture last year, two operators won in the state, according to the state director of the federal ministry of agriculture, Mr. Adebisi Buhari.

According to him, the duty of the operators is "to go and establish the premises where the operation will take place and then start hiring it to people around them and begin to pay back, starting from the bank's 30 percent followed by the vendor himself and then followed by the one for government."

He explained that the tractors would be tracked to the extent that banks would know where they are at any point in time after they have been given out to the operators.

While the tractors for the state are still in the premises of the ministry of agriculture in the state, the director confirmed that the operators who succeeded during the bidding exercise has not paid the required percentage that would enable them take the farming implement.

He stated that many farmers have shown interest in participating in the scheme as he encouraged the operators to fast-track the process of acquiring the tractors.

On the conditions for farmers to hire the tractors, he said: "It is just a business, you just go there, you might be asked to pay down or pay after, it is just business. The only condition we set is for the person that will run the centre.

"He must have access to, at least, about 5,000 hectares, not that it would be his own but people who would be his customers, so that he would be sure he would get sufficient work to do and pay back as loan. Then he must have a secure premises and experienced operator."

Speaking with Daily Trust correspondent on the scheme, the State Chairman of All Farmers' Association of Nigeria (AFAN), Elder Daniel Ajiboye, described the scheme as a good innovation from the federal government, advising farmers who have the financial wherewithal to subscribe to it.

He said: "It is not for our members alone. Whoever applies and has the money would be a beneficiary. It is another innovation to ensure the farmers enjoy the benefit of government."

However, the state government said it was not carried along in the scheme, adding that it has no knowledge of the hiring scheme.

Commissioner for Agriculture and Natural Resources, Barrister Kayode Towojuu, said: "We are not carried along as a state government. So I don't have any information about it.

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Abubakar Baba Sulaiman     Ilofa     Musibau Akanji     Awodun     Kolawole Bashirat     Alanamu     James Ayeni     Lai Mohammed     Madawaki Of Ilorin     Kisra     Kolawole Akande     Ayo Opadokun     Gbenga Awoyale     IPSAS     Tunji Arosanyin     Razaq Ayobami Akanbi     Mustapha AbdulGaniyu     Congress For National Consensus     Oladipo Akanmu Tolani     Baba Issa     Temitope Ogunbanke     Kamaldeen Gambari     Abubakar Lah     Abdulwahab Olarewaju Issa     Share-Tsaragi     Opaleke Bukola Iyabo     Abdul-Rasheed Na\'Allah     Ebun-Olu Adegboruwa     Bello Bature     Dauda Adesola     General Tunde Idiagbon International Airport     Valsolar Consultoria     Ilorin West/Asa Federal Constituency     Harrison Osauwagboe     Olaosebikan     Abiodun Jacob Ajiboye     C2c@kwarastate.gov.ng     Onilorin     Oba Abdulrahim     Yakub Lai Gobir     PharmAccess Foundation     Sunset Workers     Tosin Saraki     Garba Idris Ajia     Idiagbon     Shaaba Lafiagi     Al-Adaby     Age AbdulKareem     Kale Belgore     Yusuf Amuda Aluko     Falokun-Oja     Abdulrahman Abdulrazaq     Abdullahi Imam Abdullahi     Abdulrahman Abdulrazak     Kwara State Sports Commission     AIT Ilorin     Bibire Ajape     Baba Adini Of Kwara State     Sheu Ndanusa Usman     Moses Afolayan     Oju Ekun Sarumi     Okin Group     Abdulrazaq Solihudeen     Salary     Shuaib Boni Aliyu     Igbomina     Curfew     Bola Ahmed Tinubu     Abdulmalik Bashir Mopelola Risikatullahi     Imam Gambari     JUSUN     Sa\'adu Salau     Code Of Conduct Tribunal     Oluronke Adeyemi     JAMB     Abiodun Musa Aibinu     Ilorin    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

T And K FOODS     Ebun-Olu Adegboruwa     Kwara State Geographic Information Service     Ekiti     Maimunat Oloriegbe     A.G.F Abdulrasaq     Muslim Media Watch Group Of Nigeria     Gafaru Olayiwola Olorisade     Taiwo Joseph     Federal Polytechnic Offa     IFK     Umar Adelodun     Owo Arugbo     Shehu Alimi Foundation     Yakubu Mohammed Abdullahi     Funke Adedoyin     Olumide Daniel Ibitoye     Oke-Ero     TESCOM     Sarah Jubril     Saheed Popoola     TIC     Olupako     Isin     Zainab Abass     Jimoh Olusola Imam     Vasolar     Oladipo Akanmu Tolani     Abraysports FC     Bond     Ahman Patigi     Abatemi-Usman     Tunde Oyawoye     Hamidat Sulyman-Yusuf     Shaaba Lafiagi     Alumni Association Of The Federal Polytechnic Offa     Olokoba Abdullahi Ayinla     Bola Olukoju     Sheriff Olanrewaju     Abdulwahab Ololele     Alaro     Olatomiwa Williams     NYSC     LAK Jimoh     Rapheal Ashaolu     MINILS     Javed Khan     Jumoke F. Ajao     Abdullahi AbdulMajeed     College Of Education     United Nigeria Congress Party     Kwara State Fire Service     Boko Haram     Salman Suleiman     TIIDELab     Erubu Oba Zubair     Kwara Pdp     Tafida Of Kaiama     Kwara Polytechnic     Babatunde Idiagbon     Samari     Ilorin Metro Park     Arik     Lawan     Alore     AbdulHamid Adi     Mashood Abdulrafiu Agboola     Elese Of Igbaja     Omoniyi Ayinla     Neo Mundo Ltd     Government Girls’ Day Secondary School Pakata     Abikan     Egbejila     Modibo Kawu     David Oyerinola Adedunmoye     Oniyangi     Sheikh Alimi