JUST IN: CBN Invested Over N1trn On Farmers In Six Years – CBN Governor
JUST IN: CBN Invested Over N1trn On Farmers In Six Years – CBN Governor
The Central Bank of Nigeria (CBN) has empowered at least 4,489,786 farmers through intervention financing, leveraging its flagship programme, the Anchor Borrowers’ Programme (ABP). DAILY TRUST reports.
Mr. Godwin Emefiele, the CBN Governor made this known on Tuesday, at the unveiling of the FCT mega rice pyramids under the RIFAN-CBN Anchor Borrowers’ Programme.
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In Emefiele’s words: “The Programme has developed an ecosystem among all nodes of the agricultural value chain and these linkages can be better optimized through synergy among all stakeholders. As at the end of December 2021, we have financed 4,489,786 farmers that cultivated 5,300,411 hectares across 21 commodities through 23 Participating Financial Institutions in the 36 States of the Federation and FCT”. Information Guide Nigeria
“We are delighted that these efforts have yielded fruits in not just increasing the availability of rice, but also in moderating prices, reducing imports and increasing job creation in the country. For example, Thailand alone exported 1.3 million metric tons of rice to Nigeria in 2014″.