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Over 2.92m farmers benefited from CBN’s borrowers’ programme


The Central Bank of Nigeria (CBN) has disclosed that 2.92 million farmers benefitted from its Anchor Borrowers’ Programme (ABP) facilitated by the Federal Government.

It said farmers in the 36 states of the federation had been cultivating 3.64 million hectares involving 21 commodities, adding that 23 financial institutions were involved in the scheme.

Governor of CBN, Godwin Emefiele, said this at the inauguration of the 2020 wet season harvest crop aggregation and the 2020 dry season input distribution to farmers through the Rice Farmers Association of Nigeria (RFAN) in the ABP scheme to mark its fifth anniversary.


He challenged stakeholders of the scheme to sustain efforts in increasing food and industrial crops production to ensure food and nutritional security in the country.

“The rhetoric around neglect of previous years will remain part of our history and the best time to correct those mistakes is now and all stakeholders should contribute their quota to guarantee the realisation of the national targets.

“COVID-19 pandemic and the associated lockdowns globally have shown that nations only export out of their reserves and as such, we should start building our own reserves now,” Emefiele said.

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