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James Emejo in Abuja
The Central Bank of Nigeria (CBN) has facilitated N122.63 billion as loans to farmers under its
Agricultural Credit Guarantee Scheme Fund (ACGSF), since inception till December 2020, the Chairman of ACGSF Board, Mr. Stephen Okon, has said.
Okon told journalists yesterday in Abuja at the National Awards Ceremony for the Best Farmer of the Year 2020 under the ACGSF, that 30,267 of these loans, worth N4.32 billion, were guaranteed last year.
Also, CBN Director, Development Finance Department, Mr. Yusuf Yila, stated that the apex bank is working to provide farmers with some Brazilian seed variety to boost rice production from the current four million metric tonnes per hectare to about nine million metric tonnes per hectare. ....

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