Page 5 - Borrower Programme News Today

In this report, our correspondents investigate what has become of the over N1.7trn Central Bank of Nigeria-disbursed Anchor Borrower’s Loan given to supposed rice farmers across the country

The special investigator appointed by President Bola Tinubu and his support team are set to commence quizzing officials involved in alleged sharp practices at the Central Bank of Nigeria (CBN) and related entities, Daily Trust findings reveal. Following the sacking and subsequent arrest of Godwin Emiefele, Tinubu appointed Jim Obazee as a Special Investigator to…

Three days to the deadline given by President Bola Tinubu, federal government agencies in collaboration with law enforcement operatives are struggling to recover billions of naira given to rice farmers as loans since 2018.  Recall that President Bola Tinubu had given up to Monday, September 18, for the recovery of the funds.  The ambitious Anchor…

Experts on flood control and hydro/dam management have suggested that building of bigger dams and irrigation projects would save farmers struggling to repay over N700 billion Anchor Borrowers’ Programme loan of the Central Bank Of Nigeria (CBN).New Telegraph gathered that flooding hit some states and destroyed their livelihood following the opening of the Lagdo Dam in Cameroon.The opening of the dam is expected to affect 13 states in Nigeria, according to the National Emergency Management Agen...

  African economic experts and climate change activists have called on African governments to focus on attaining “food sovereignty” rather than focusing more on “food security” to address the structural defect in the global financial architecture and international trade system. According to the March, 2023, Cadre Harmonisé, a government-led and UN-supported food and nutrition study…

"The opening of the dam is expected to affect 13 frontline states, according to the National Emergency Management Agency."

Farmers across the country have attributed the failure of government’s intervention programmes in the agricultural sector to the non-involvement of key stakeholders in the sector while developing some of the programmes and policies. They noted that if the present federal government led by President Bola Tinubu does not change the trend, food insecurity in the…

The CBN says only N503 billion or 52.39 of loans it disbursed under the Anchor Borrowers' Programme (ABP) had been repaid as the few gains of the scheme are being eroded by multiple factors

The gains recorded in rice sufficiency in Nigeria are facing a possible reversal due to illegal rice importation, high operating cost and lack of

"Barely 15 minutes after last Monday, July 31, President Bola Tinubu’s national broadcast on relief packages to ameliorate the removal of fuel subsidy."