Agricultural loans at 5-year highs not reflected in food prices

Even though 2020 being the year of the pandemic saw a general slowdown in economic activity, conversely, bank loans to the agricultural sector in Nigeria amounted to 3.73 trillion naira, increasing by more than 1 trillion naira compared to 2.72 trillion naira in 2019. Also read: A surge in confidence in agro-industrial loans The value of credit given to the sector was also …

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