LAPO Boosts Rural Agriculture With 3.7b In 2015

Lift Above Poverty Organisation (LAPO) improved the food security and general living conditions of rural farmers with a disbursement of 3,725,424,900 in 2015 financial year.

The figure represents 45% increase over the sum of N2,567,269,480 billion disbursed to the clients in 2014 under theLAPO Agricultural and Rural Development Initiative (LARDI).

The Executive Director, Sabina Idowu-Osehobo who expressed satisfaction with the performance noted that the agricultural sector has over the years suffered serious setbacks due to poor funding, inadequate manpower, government insincerity and poor infrastructure, stressing that farming has passed the stage of crude implement usage.

Idowu-Osehobo said LAPO was determined to address the problem of food scarcity in Nigeria through LARDI, a unit designed to energize the Nigerian agrarian economy through the provision of affordable credit and extension services.

The beneficiaries expressed gratitude to LAPO for not only supporting them with the soft loans but also providing them exposure training and retraining programmes.

The goal of LARDI, according to Idowu-Osehobo, is to improve the income, food security and general living conditions of poor rural households, particularly women-headed households and youths.