Only N25m of N3.4bn input loan, recovered — Niger Foods

From: Yakubu Mustapha, Minna

Niger Foods Company Limited has disclosed that only N25 million, representing 0.74% out of the total N3.4 billion has been recovered from the Shinkafa Cluster, despite the guarantor’s written commitment to complete repayment.
The company’s Chairman, Mr. Sammy Adigun in a statement issued in Minna,
debunked circulating claims suggesting that the ongoing investigation involving the Shinkafa Cluster is politically motivated, describing such allegations as false, misleading, and deliberately intended to distract the public from the real issues.
He clarified that the matter originates from a breach of agreement under the Niger Foods Input Financing Program, a scheme designed to support genuine smallholder farmers across Niger State through transparent and bank-verified input financing.
According to the company, the program operates on a cooperative-based model where farmer clusters or cooperatives are solely guaranteed by their executives or cluster heads, not by the government or politicians.
The company disclosed that the Shinkafa Cluster, under the leadership of Mallam Idris Usman Makanta (popularly known as Shinkafan Nupe), benefited from the program during both the 2024 wet and dry seasons.