By Charles Nwaoguji
Lift Above Poverty Organization (LAPO) improved the nation’s food security status as well as enhanced the production capacity of 129,637 rural farmers with a loan disbursement of 10,936,270,300 in 2019 financial year.
The figure represents 49% increase over the sum of 7,342,503,550 disbursed to the beneficiaries in 2018.
The Executive Director, Sabina Idowu-Osehobo disclosed this while reviewing the performance of the LAPORural Development Initiative (LARDI), the financial arm of the organisation during the period.
Idowu-Osehobo who restated LAPO’s commitment to addressing the problem of food security in Nigeria through rural agricultural financing attributes LARDI’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 excellent performance trajectory.
She noted that LARDI was entrusted with the mandate of improving the quality of life of rural dwellers through committed support for livelihood activities intended to energize and drive the rural economy, adding that the organization equally builds the capacity of rural farmers through on-farm demonstration and training.
Idowu-Osehobo enjoined low-income farmers to take advantage of the affordable loan opportunity offered by LAPO to enhance the growth and development of their farm enterprises.
She expressed delight that beneficiaries who were hitherto engaged in subsistence farming have expanded their farm enterprises with improved income for their families and savings for future investment.
She charged the staff to remain guided by the organization’s core values of integrity, innovativeness, simplicity and excellence, which has continued to sustain the organization.