Bank of Agriculture decries attitude of farmers to loan repayment

The Bank of Agriculture, BOA says the poor attitude of farmers toward loans repayment has impacted negatively on the operations of the bank. The Zonal Manager North Central of the bank, Mr Ibrahim Alamba said in Abuja that most farmers viewed the bank loans as part of their share of the nation’s resources.

Mr Alamba, who was reacting to complaints by some farmers over the delay in loan disbursement by the bank, said that the bank was, however, embarking on aggressive loan recovery to recoup all the monies owed by its customers. He advised farmers to ensure that they met the bank’s conditions for loans, saying that the failure to meet the stipulated conditions was part of the reasons behind the delay in the disbursement of funds.