Nigeria will capture no fewer than 16 million farmers in a new biometric database that would enable them benefit from intervention packages during the 2017 cropping season.The Managing Director of the Bank of Agriculture, Prof. Danbala Danju, said this on Sunday at the signing a Memorandum of Understanding (MoU) with Trans- Sahara Consortium, Nigeria.
Danju said the federal government would ensure that registered farmers receive all the needed inputs and loan facilities in record time to enhance production.
He said that the move would effectively address the challenge of food security, tackle poverty and create employment opportunities for more Nigerian farmers.
“The two parties agreed to capture at least 16 million farmers into alternative multi-application payment system for farmers to access loans and conduct all their agro-businesses within their farms,” he said.
Sen. Saminu Turaki, who signed for Trans-Sahara Consortium, disclosed that the 16 million farmers would be registered within the next three months.
“By May, we would have registered 16 million farmers on our biometric database to enable them receive all the inputs they need before the farming season commences” he added.
The Trans-Sahara Consortium will provide the database through EDAPT Technologies company and finance the project.
No fewer than 500,000 Point-of Sale (POS) devices would be made available in various locations in villages for the registered farmers to access all the needed finances and pay for their inputs at the farms.
The objective of the MoU is to secure biometric application which will assist participating entities with a tool to collect and capture the necessary clients information (KYC) for accurate reports.