Monday, July 20, 2026

NASFAT advises Tinubu govt on N250 billion credit support for farmers

NASFAT commended the Tinubu-led administration for its efforts to alleviate the suffering of the citizenry.

• September 15, 2025
NASFAT (Credit: NASFAT)
NASFAT (Credit: NASFAT)

The Nasrul-Lahi-l-Fatih Society has appealed to the federal government to take into consideration the feelings and religious dictates of people of faith in its continued efforts to financially empower Nigerians.

Imam Abdul-Azeez Onike, chief missioner of NASFAT, made the appeal in a statement on Monday.

Mr Onike’s appeal was made against the backdrop of a statement by Vice-President Kashim Shettima, directing the Presidential Food Systems Coordinating Unit to disburse a ₦250 billion credit support for smallholder farmers at a single-digit interest rate.

The vice-president had directed the PFSCU to develop an implementation roadmap for the disbursement of funds during the sixth meeting of the PFSCU Steering Committee, held at the Presidential Villa in Abuja.

According to him, it was necessary to avoid further delays and ensure that the target beneficiaries of the initiative were reached. However, reacting to the development, Mr Onike said that both Islam and Christianity strongly disapprove of interest-based loans.

The chief missioner listed the negative consequences of interest to include exploitation, inequality, unjust wealth distribution, an unsustainable economy, deterrence to production, and the undermining of social harmony.

He, therefore, instructed the relevant government agencies to convene a stakeholder forum promptly, where religious leaders could offer ethically sound advice.

The cleric also commended the Tinubu-led administration for its efforts to alleviate the suffering of the citizenry.

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Anti-Corruption

LS Cable & System USA agrees to pay $4 million to resolve PPP loan fraud allegations

LS Cable & System USA has agreed to pay $4 million to the United States to resolve allegations of false claims for payments under the Paycheck Protection Programme loans.

Anti-Corruption

U.S. census official sentenced to prison for bribery, fraud

The contract was worth millions of dollars. In exchange for steering the contract and modifications, Ms Jones received kickbacks from YMJ Consulting and the subcontractor.

STASH OF DOLLARS

Anti-Corruption

Rockland Congruity to pay about $3 million over PPP loan fraud

As part of the settlement, Rockland admitted that in March 2021, it received a $1,709,099 second-draw PPP loan.

NationWide

NOA urges vigilance against Ebola threat

Ijeoma Ulasi, the deputy director and Health and Social Care Desk Officer of NOA in Enugu, made the call during a sensitisation programme on the disease in Enugu recently.

Politics

Tinubu to rehabilitate Third Mainland Bridge, replace Carter Bridge: Umahi

President Bola Tinubu’s government says its four legacy highway projects are progressing steadily, alongside the approval of new road contracts.

Nigerian women

Abuja

Tinubu govt to revive women’s political empowerment centres

The government unveiled plans to revive Women Political Empowerment Centres across the six geopolitical zones to boost women’s participation in politics.