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LAPO Supports Rural Farmers With N12.2bn

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LAPO Supports Rural Farmers With N12.2bn

Lift Above Poverty Organization (LAPO) improved rural economy and food security with the disbursement of N12.2 billion to 152,446 rural farmers in 253 branches across 21 states during the financial year 2020.

The figure represents 12% growth over the sum of 10.9 billion disbursed during the year 2019 with Portfolio at Risk standing at 18.62%.

The Acting Executive Director, Dr. Honestus Ayobami Obadiora who stated this while reviewing the performance of the LAPO Rural Development Initiative (LARDI) in Benin City restated the organization’s commitment to Nigeria’s rural economic and agricultural development.

He attributed LAPO’s outstanding performance over the years to strong institutional strength, staff commitment to excellence and hard work, adding that the organization was ready to maintain its high performance level.

Dr. Obadiora enjoined low-income farmers, rural dwellers and small and medium business owners in the country to take advantage of the affordable loan opportunity offered by LAPO to enhance the growth and development of their enterprises.

 

Benin City        February 5, 2021


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