• Expand operations in southern states, farmers urge CBN
Farmers and their association have called on the Federal Government to use the Central Bank of Nigeria-managed Anchor Borrowers’ Programme (ABP) to deepen food production in the southern states amid insecurity in the north. x
They made the call while commending various interventions of the CBN across the country, especially in rice, maize, cocoa, oil palm, poultry, and cassava production.
As of January 2021, the Central Bank of Nigeria (CBN) claimed it had disbursed N554.61 billion to 2,849,490 farmers to boost food security under its Anchor Borrowers’ Programme (ABP) beginning from 2015.
Mr Godwin Emefiele, the CBN Governor, had earlier explained that out of the amount, N61.02 billion was disbursed to 353,370 dry season farmers.
Kudos for CBN over intervention to rescue poultry sector
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Evaluating impact of CBN s 300,000MT maize intervention on poultry industry | The Guardian Nigeria News - Nigeria and World NewsFeatures — The Guardian Nigeria News – Nigeria and World News
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The Central Bank of Nigeria (CBN) has made good its word, as it has released 50,000 metric tonnes of Maize into the Nigerian market.
The Bank’s February 2021 release of Maize in fulfilment of its pledge to reduce the price of the commodity, was done through the Anchor Borrowers’ Programme (ABP) to major poultry feed producers and poultry producers in the country.
The CBN facilitated release of the 50,000 metric tonnes of Maize in the second week of February, has made an impact as the Maize Market has recorded a reduction in price fromN200,000.00 per metric tonnes to aboutN180,000.00 per metric tonnes. It is still anticipated that the current will further reduce.