Federal Government has made arrangements to disburse a sum of N12.3bn as agricultural subsidy for over 2.2 farmers in coming weeks.
The Presidency confirmed that the President Muhammadu Buhari had already approved a N6.15bn agricultural subsidy for the first batch of 1.2 million farmers.
The Senior Special Assistant to the President on Agriculture, Andrew Kwasari disclosed during an interview with PUNCH that the Nigeria Inter-Bank Settlement System had validated the first batch of beneficiaries.
He said the 1.2 farmers would start getting their alerts soon, adding that another batch of over one million beneficiaries would also receive about N6.15bn agricultural subsidy.
His words, “The President has approved subsidies for 1.2 million farmers in Batch A and the NIBSS has validated their bank accounts and BVN (Bank Verification Numbers) as farmers.
“We have another batch of over one million and NIPSS has also validated their details and it will be sent to Mr President for approval.
“NIBSS validates every BVN tied to any account and can tell you the owner of such accounts in this country.”
He further noted that the Office of the Accountant-General of the Federation and the NIBSS had received the details of those to benefit from the subsidy scheme.
