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i.ZD MONDAl'.OCTOHER '5. 201:Z homes &

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;JrORer.LJ._ __ Farmers can benefit from mortgage facilities - RSL boss Akil1pelu Dada

T

~hnagmg Director. IlMort Sa,ings!llld Loans

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Pk. Mr. Abimbola Ola)inka. ha.. given an ill!iight into how fanne .... aIn bt'nclil from the ',UIOU$ Inortg;lge products 3\'aiJahh' in lhe 00111111)' III orilt'r to boost their production rnpacitil's l it' g..1W the insight at a one-dJ\' retreat Ol'J.,ni!;(od in II group of flllmco1"5 in Ado ~ jti, Ekili Slate, on Friw, Qllwinka. wJIO deli''ered a Jectl1rt' liliro. The impac1 or tTt'dit on agriru1tllral df"\'{'lopmellt In South

weslem

Nigeria'

Prim.1Tl

111011&11&(' bank option, ob:serllm that ngriculture remainoo Ih" mainstny of the econonw Uecaust' of Ihe largl' "''Orkfon:e engaged bll thcsedor

lie, how(··..n. noted that [lInjOntv of the Cnn11ln~ poputntiol1 ore "11111111· holdl'I"" TIlls cat~orr. IIccurtlill/i\ to him, lS !e\~I}' flK"td \\;111 lack of financin/i\ for

productwe

and pmchcal el1~l~elllent in commercial r:lnnin~ II <:11u.1OOIl tim! ha.<: rel~tro lm-m III Im¥ pnxlucti\ily. low inromp,

low m\~1 aOO eooemllC

inst1lUIK)115 Jikt' microfinalKT

vicious c:ircleof pm'ertv

b.1nks, lhe RSL bo&s saki

While noting 111.11 bridging Ihe lin:mcing gap for "mall·holder farmen in the country hAd been It mapr coocem 10 the gO\-emnM'lIt and. 'TK~. UK"Ccntrni8.1nk of Nigeri.1. OIIlYlll~ said the "bank. in ooll nbornhOIl with gO\'!'mment, has O\~

the )'\'31"<. enuoci.llro I>mgr.unmes and poI~ that pl'O\U rnlcl'O---tt'edil for 'h<m Whilt' enurnernlmg 1Ilf'

\'a1"lfJU!:

illh~I"\"'ntion.<:

III tht'

fanTlin" octnities b) CBN and either financial

tilt'

ht'en

emlll

windows

fnl11ght

ha,1

\"';111 <:O1lll'

l'Onstrni nls Accon:linlt 10 him, Il'II':Kt k-nding ill!ititulions a~ \'N IO!l("('CptagricII!hn!lendmr. !l-~ a profilahle bU$ille5S ·Wbilc thc~' \'enlure 11110 !ellding In other equ.111, risk)' o;eelo" <wictlllllrni

of "lulls IIIl1gnc'uhural credit IIppraisal. mOl1ltonn" and I1dministrallnn III most of thl' b.1nks.~ ht' <;'1id 011 the p<1rt of hom)wt'r<:. QJ;l\illka sair! 'the'lr !'Illall· holding,<; ar)(1 srnttel'Hl n:ltllre r~1 tl'Chnical and monkt ril"f'l."OOfIllli~. (l~ it requires huRl' ('OSt.-.; (Jf 10.111

admill~~tr.ttiOIl

important

i~

AiV!

Ih" fact II1lIt

acti\'ilie; hlwe alwa,,,,, ht'cn IlIgged liS (roughl wilh

IT1.Oln\· faml hnl<hn~ operate

IInrer1l1inli~

:lgnmomlC

of ....'eather. 1I1111lrni hovml<: anti pos..<:ihle IIl1ncks from pest lind diseao;(':';, TIlis is fur1ht'r rompounded h)' the dearth

Ullri{'f" di\'l'l'"'II!" ("uhural and I'filctil:e<;.

ami

\Jus creates hll~1.' exlension c\1Il1k-nges. "hieh k.,n nffl('l;'l"< af'{' ilI--t'1'}lliPIlf'I'llnadllll"'O.". Musl faTlIIIII", populatiun,

arcorrlmJl to him. abn lad.. tlw umk-r<:lilnfhn~ ~nd tllf" n'mp.1.en~/:tI'pr..nrltl()n of lilt' impllrtntlN' nf k('('pml! farm I'f'('OfI'l~ I"hL~ lIIil~""" II dlfflClIlt rOI Ihem In tah· .ll'I)lT)l'riatl' I"('f)nOI11lf' cI"n~1<)I1<: 1111<1. thus. "Ollstltntt' ""nulls hunllt'"'" ttl 101111 'lfrK'l'r<: 111 'l..S~f"<<:mg tlM'1I ("f{'(lil "'~'rthillP'<!;

and n"" tn th ..

,,~

of ]"1111 nl'l'l'lIi....11~ Ola~iTlk." .... id fllrtIH'!

i!lq~llI

C'l)n~lrnillt~

"f th.·

GI"11111;

int(. Ih..

hnmm'l.'r<:, II" ~11''''''if'(1 th·'

n"f'd

rOT

fin:u1C"illl Iitl'f:lC'"l

IImnnl( fanTl"~

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THE PUNCH, 15 OCTOBER, 2012