Governor Kinyanjui calls on Banks to have appetite for Agriculture sector

Governor Kinyanjui calls on Banks to have appetite for Agriculture sector

Nakuru Governor Lee Kinyanjui has urged financial institutions to support the agriculture industry by funding farmers in order to help the sector grow.

Speaking during a breakfast meeting towards implementation of the Warehouse Receipt System  Act No. 8 of 2019,Kinynbajui noted that financial institutions have continued to ignore agriculture industry.

But the Governor noted that Agriculture has great potential of raising the economy of the country to a higher level.

He added that farmers have continued to find it difficult in accessing loan from banks hence derailing growth of agri-business.

“We cannot talk of food security yet we leave our farmers behind. I fail to understand why bans have a low appetite for agriculture and that is why we appeal to the financial institutions to start giving loans and support farmers. A country that takes care of farmers will have addressed food security challenges” said Kinyanjui.

Kinyanjui also taking issue with cartels in the maize industry whom he said has continued to derail farmers’ welfare.

He decried that the country has continued to import maize and wheat yet there are farmers and youths unemployed.

The county boss calling for need to invest on audits in order to determine whether there are artificial prices in the markets to benefit a few individuals.

“I think it is time we also think of investing in audits so that we can know whether the prices in the markets are genuine” he said.

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