ACCOS Assures Oyo Farmers Of Loans To Boost Productivity

Chairman of the Agricultural Credit Corporation of Oyo State (ACCOS), Sheik Taofeek Azeez Akeugbagold, has declared that apart from the 50 per cent tractorisation policy of the current administration, they could also access agriculture credit and loans from the corporation to increase their productivity.

He revealed this during a press conference held at the Ministry of Agriculture and Rural Development held in the state.

He lauded Governor Seyi Makinde for taking genuine interest in the development of agriculture and the wellbeing of the teeming farming population in the state.

Earlier, the state’s commissioner for Agriculture and Rural Development, Barr Olasunkanmi Olaleye had said the state government has commenced the second phase of the 50 per cent land ploughing subsidy also known as the Tractorisation Policy.

He noted that as a result of the massive support that the Governor Makinde administration has been giving to farmers, the National Bureau of Statistics declared that Oyo State recorded one of the lowest food inflation rates in the country.

He added that the state can also boast of having become one of the food baskets of the country, as more than 9,569 tonnes of cassava, representing about 300 trailers, were moved out of only Ibarapa zone of Oyo State into neighbouring states between December 2024 and March 2025.

Olaleye hailed Governor Makinde for approving the continuation of the 50 per cent tractorisation policy, which began in 2024, noting that the policy represented the governor’s commitment to progressive and sustainable agricultural development.

He maintained that the state government was able to reach about 1,487 farmers directly through the programme in 2024, with about 6,090 acres of farmlands mechanically ploughed across the state.