CBN, association inaugurates e-Naira programme
Finance News

CBN, association inaugurates e-Naira programme

The Association of Northern Agricultural and Allied Commodities Practitioners (ANAACOP) and Central Bank of Nigeria (CBN) has inaugurated farmers programmable money agro e-Naira engagement.

According to NEWS AGENCY OF NIGERIA (NAN), the programme is targeting one million farmers in Northeastern states in 2023 farming season.

The CBN Governor, Mr Godwin Emefiele said in Yola that the programme was designed to ensure food security in the region and country at large.Information Guide Nigeria

Emefiele who was represented by the Director Information Technology and Coordinator Naira programme of CBN, Hajiya Rakiya Muhammad said the e-Naira is the first digital currency to be launched in Africa and second in the world.NYSC Portal

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He congratulated the association and the beneficiaries for having the programme, adding it will help famers to access affordable inputs for tremendous progress and transformation as the result of technology and innovation.

NAN reports that Emefiele said, “But by the end of the year we will scale up to one million farmers and another four million by 2024.

“So what we are doing is providing a platform where we can have accountability, transparency and make the programme efficient to encourage people who will be able to provide finance to those who need it,” said the CBN governor.

The Chairman ANAACOP, Mr Sadiq Daware commended President Muhammadu Buhari for the Anchor Borrowers Programme through the CBN.

He said, “Today we are happy to inform all Nigerians that ANAACOP through the CBN have gotten it right to make sure that farmers, particularly the small holders farmers, will get loans at ease with little or no hitches leveraging on e-Naira programme.”JAMB Result

The chairman assured farmers that they would not regret at the end of the day.

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Idongesit is a graduate of Communication Arts, University of Uyo. Currently working as a news reporter at InfoGuide Nigeria.

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