Page 31 - Anchor Borrower Programme News Today

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Speaking to Daily Trust in Funtua, president of the Maize Association of Nigeria (MAAN), Dr Abubakar Bello Funtua, said the association was at the aggravation level where farmers brought their produce as part of their loan recovery. “For the dry season cultivation this year, CBN will support us because we want to bridge the gap created by what happened in the first six months because of COVID-19 and flooding. “CBN is going to finance about 750,000 with some other commodity associations. Def...

Emefiele, whose message was delivered by Mr Edward Adamu, CBN’s Deputy Governor, Corporate Services, noted that “With a population of about 200 million people, importation of any major food item will continually drain the country’s external reserves, export our jobs to countries where those food items are produced and distort our commodity value chains as we will not be able to guarantee the supply of raw materials for the agro-allied companies.’’ The CBN governor, who stressed the co...

The Central Bank Governor (CBN) Governor, Mr. Godwin Emefiele, on Thursday, highlighted the impact of the Anchor Borrowers’ Programme (ABP), that was set up to finance smallholder farmers. He said the programme has revolutionised agricultural credit financing and remained the fulcrum of transformation initiatives in the sector. He also said through the use of technology to boost productivity, the apex bank will work with farmers to achieve one million hectarage cultivation during the 2020 dry...