Mr Abubakar Sule, Edo North Zonal Manager, Edo Agricultural Development Programme, made the disclosure in an interview with the News Agency of Nigeria Auchi on Friday.
Sule said out of the 50,000 farmers, 25,000 were from Edo South, 10,000, Edo Central, while 15,000 were from Edo North.
He said the CBN loan was being facilitated by the state government, adding that the individual farmers needed to belong to a cooperative society to be a beneficiary.
He said that farmers, who grow Maize, Rice, Cassava, Oil Palm and livestock such as poultry, piggery and fishery would benefit from the facility.
Sule said that the gesture was the state government’s way of assisting farmers to boost food production in the state.
He said the state government had trained its extension service workers on how to guide the farmers to reduce risk and enhance farm yields.
He said that EADP would ensure that farmers had access to variety of seeds and other high yielding inputs to enhance production.
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