BoA kicks off egg production scheme in Abia
Bank of Agriculture (BoA) has flagged off an egg production scheme in Abia State in a bid to boost the protein component of the school feeding programme, create sustainable poultry industry and increase the Gross Domestic Product (GDP) of the country. Speaking at the flag-off ceremony in Umuahia, the Abia State capital, recently Kabir Muhammed Adamu, Managing Director of BoA, represented by Gabriel Okenwa, Executive Director, Partnership, Strategy and Corporate Services, Bank of Industry (BoI), said one million jobs would be created in the scheme and that over 50 million eggs would be produced daily. Adamu said the scheme will empower farmers and make them employers of labour which can lead to 1.6 million profit cash at hand and massive wealth creation. He said participants of the scheme are entitled to a loan of N4.3 million to be repaid in two and half years with a single-digit interest rate. He explained that Abia was chosen as one of the pilot states due to Governo...