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Buhari making frantic efforts to restore stable electricity ― APC legacy group
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Anchor Borrowers Programme: Over 3 1 million farmers financed -- CBN
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Published 19 May 2021
The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, said on Tuesday that over N300bn had been disbursed to companies operating in southern part of Nigeria as part of its interventions in the agricultural sector.
Emefiele said this while faulting claims in certain quarters suggesting that the bank’s targeted interventions in the sector were tilted in favour of a certain section of the country.
He said companies and farmers across Lagos, Edo, Ondo, Ogun, Osun, Ekiti, Bayelsa, Rivers, Cross River states were major beneficiaries of the bank’s interventions.
Emefiele made the clarification in Ado-Ekiti, Ekiti State, while unveiling the 2020 wet season harvest aggregation and inauguration of the 2021 wet season input distribution in the South-West geopolitical zone under the CBN-RIFAN Anchor Borrowers’ Programme.
CBN Faults Claims of Imbalance in Agric Interventions, Tasks Stakeholders on Food Security
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According to information in CBN s official Twitter handle, Emefiele made the statement while unveiling rice pyramids in Ekiti State, the first in the South West under the Anchor Borrowers Programme (ABP). The News Agency of Nigeria (NAN) reports that the apex bank had earlier unveiled similar rice pyramids cultivated under the ABP in Kebbi and Gombe states. Emefiele said that the one million hectares of rice would be cultivated through combination of Rice Farmers Association of Nigeria (RIFAN) farmers and private anchors for each planting season in 2021. He added that the CBN was already financing about 3.1 farmers for the cultivation of 3.8 million hectares across 21 commodities through 23 Participating Financial Institutions across the country.