A
new fund worth N50 billion and
specifically to aid the mechanisation of agricultural practices in
Nigeria is expected to be set up in a matter of months if not weeks by the
Central Bank of Nigeria (CBN).
This
will allow for the speeding up of the full establishment of the 1,200
private sector driven Agricultural Equipment Hiring Enterprises (AEHE) across
the states of the Federation.
The
directive was given by President Goodluck Jonathan at the commissioning and
flagging off the 100,000 metric tons grains Silos at Sheda, Federal Capital
Territory (F. C. T.) and the Agricultural Equipment Hiring Centers in Nigeria.
Jonathan was represented by Vice President Namadi Sambo.
Government
hopes the new initiative will further his quest for a revolution in the
country’s
