The AQUALEGEND Fish Farmers Co-operative (KWS/18377) has launched a three-month financial assistance programme designed to support active fish farmers in completing their production cycle through an affordable and farmer-friendly financing model.
According to the co-operative President Alhaji Bashir Abdulrasaq Owolabi said the initiative provides financial assistance to qualified fish farmers for a period of three months with beneficiaries required to make a single repayment at the end of the production cycle. The scheme is intended to improve access to working capital, enhance fish production and promote sustainable aquaculture enterprises.
To qualify for the financial support applicants must be active fish farmers and provide two guarantors. Beneficiaries will also be required to pay a 1 percent administrative charge on the financing provided.
The co-operative is calling on interested fish farmers to become members by registering with a ₦10,000 membership fee, which covers the following: Membership Form, Payment Voucher Book, Member’s Passbook and Membership Identity Card.
Prospective and interested members are required to pay the registration fee into the following account:
Account Name: AQUALEGEND YOUNG STARS M.C.S LTD
Account Number: 1003112516
Bank Name: Lotus Bank
The management of AQUALEGEND noted that the initiative is part of its commitment to strengthening aquaculture businesses by improving access to finance and supporting fish farmers in achieving successful production cycles.
With the slogan, “AQUALEGEND: Financing Aquapreneurs,” the co-operative reaffirmed its dedication to empowering fish farmers with financial solutions that promote productivity, profitability and sustainable growth within Nigeria’s aquaculture sector.
