CBN disbursed N12.65bn as agriculture intervention since January – Emefiele

The Central Bank of Nigeria has disbursed N12.65 billion to the Anchor Borrowers Programme (ABP), its flagship agriculture intervention scheme.Information Guide Nigeria

Mr Godwin Emefiele, the CBN Governor said this on Tuesday in Abuja, when he read the communique issued at the end of the 290th meeting of the apex bank’s Monetary Policy Committee (MPC).

NEWS DAIRY reports that Emefiele said the total sum of N1.09 trillion has been disbursed under the ABP since inception in 2015.

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Emefiele said, “Between January and February 2023, the bank disbursed N12.65 billion to three agricultural projects under the ABP.NYSC Portal

“It brings the cumulative disbursement under the programme to N1.09 trillion to more than 4.6 million smallholder farmers cultivating or rearing 21 agricultural commodities on an approved 6.02 million hectares of farmland.”

He further stated, “The CBN also released the sum of N23.70 billion under the N1.0 trillion Real Sector Facility to eight new real sector projects in agriculture, manufacturing, and services.

“Cumulative disbursements under the Real Sector Facility currently stands at N2.43 trillion disbursed to 462 projects across the country, comprising 257 manufacturing, 95 agriculture, 97 services and 13 mining sector projects.”

According to NEWS DAIRY, Emefiele said CBN has released N3.01 billion under the Nigerian Electricity Market Stabilisation Facility (NEMSF-2) for capital and operational expenditure of electricity distribution companies
(Discos).JAMB Result

He said, “This brings the cumulative disbursement under the facility to N254.39 billion.”

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