NNDC injects N12bn to reintroduce marketing board system

The New Nigeria Development Company (NNDC) has revealed that with the present bumper harvest witnessed in agricultural sector in the northern region of the country, the company has entered a partnership with the 19 northern states to bring back marketing board that will serve as a saviour to farmers against post-harvest loss of their produce.

This was revealed by NNDC’s Chairman Board of Directors, Alhaji Bashir Dalhatu, during Kano State wheat harvest programme held at Garun Babba village of Garun Malam Local Government.

According to him, the decision to bring back the marketing board was reached between the company and the 19 northern states to do away with the domineering attitude of the middle men in agrobusiness.

He further revealed that participating states were required to contribute about N175 million each in addition to other participating private sector investment’s contributions to give the company the proposed N12 billion needed to take off. He said the marketing board’s headquarters would be sited in Kano.

In his address Kano State Governor, Dr. Abdullahi Umar Ganduje, stated that, Kano state had already put aside N50 million in its newly established warehouse system for the state farmers to access as interest free loans to save them from recording losses.