BUA offered Interest Free Loan to 2,000 Rice Farmers

BUA Rice Milling Company, Kano, exhibited their commitment to boost rice farming by offering a non interest loan of enhanced rice seeds, pump machines and other tools worth Two Hundred and Eighty eight thousand naira (N288,000) to each of the 2000 targeted rice farmers in Kano State, Nigeria.

In an interview with the Chief Executive Officer of BUA Rice Milling Company, Kano, Alhaji Kabiru Isyaku Rabiu, he expressed optimism to the mutual relation between the rice farmers and the rice milling company.

“Kano State is by far one of the most potential areas to grow rice and BUA is happy to have successful partnership with rice grower”, he said.

Alhaji Kabiru disclosed that Kano State has over 500,000 rice farmers with almost 42,000 registered rice farmers, saying that BUA rice milling company started what is termed as a pilot project with 2000 recipients.

Alhaji Kabiru appreciated the guarantee of the rice farmers who are beneficiaries of the loan of BUA which will be ongoing for the maximum of 3 years and also he described the pilot project which remains non interest loan to about 50,000 farmers and if each hector will produce five tones, a minimum of million tone of rice is possible to be produced in Kano.