On the occasion of the inauguration of the Green Imperative Program committee in Abuja on January 25, the Minister of Agriculture and Rural Development, Sabo Nanono, said that the federal government would take out a loan of $ 1 billion from Deutsche Bank (DB), Brazilian Development Bank (BNDES) and Islamic Development Bank. (IDB) to facilitate agricultural mechanization for farmers in Nigeria. « With these funds, the country is expected to buy 10,000 units of tractors, 50,000 units of assorted implements and equipment for assembly in Nigeria, » he said, quoted by Commodafrica.
