Governor Seyi Makinde's campaign promise to provide timely credit to farmers at single-digit interest rates during his first term (May 2019-May 2023) was fulfilled. 

 

By May 2021 (two years into office), the administration had established loan facilities through the Agricultural Credit Corporation of Oyo State (ACCOS) at single-digit interest rates, and farmers could also access loans via the Central Bank of Nigeria's Accelerated Agriculture Development Scheme (CBN-AADS).

 

The Future Looks Promising: How Rural Farmers in Northwest Nigeria Are Reaping the Benefits of Climate Innovation | United Nations Development Programme

 

By November 2023, within the timeframe of the first term's conclusion, the Oyo State Government had disbursed N1 billion in loans to 3,525 smallholder farmers under the Sustainable Actions for Economic Recovery (SAfER) programme at single-digit interest rates. 

 

Farmers in northern Nigeria receive agricultural inputs

 

The promise to provide timely credit to farmers at single-digit interest rates was demonstrably kept during the first term.