Anchor Borrowers’ Programme: Farmers Repaying Loans – Cbn Says

Source: thewillnigeria.com

BEVERLY HILLS, May 3, (THEWILL) – Contrary to insinuations about the willingness of farmers to pay up their loans, the Central Bank of Nigeria (CBN) says farmers who accessed under its Anchor Borrowers’ Programme (ABP) have indeed commenced repaying their loans.

Details of the loan disbursement and repayment obtained from the apex Bank indicate that as at March 31, 2017 a total sum of N33.34 billion had been released through 12 Participating Finance Institutions in respect of 146,557 farmers across twenty-one (21) States cultivating over 180,018 hectres of land.

Out of the total amount of N33.34 billion released to date, about N15.137 billion disbursed to 73,941 Kebbi State farmers have fallen due for repayment with N7.119 billion representing 47 per cent, repaid and returned to CBN.

Meanwhile, the balance of N18.203 billion of the 12 months tenured loans released to farmers in the other twenty (20) states for two cropping (wet and dry) seasons have not fallen due for repayment. However, farmers in other benefiting states have also commenced the repayment to the tune of N1.238 billion which is already with the CBN.

Efforts are currently being made by the participating state governments to ensure that all outstanding loans are repaid by the farmers as soon as they are due before commencement of the next dry season cultivation. This is to enable the CBN extend similar gestures to farmers in other states which have indicated interest in the participating in the Anchor Borrowers Programme.

Six commodities namely, rice, wheat, maize, soya beans, cotton and fish have also been cultivated by the farmers with appreciable yields achieved with Kebbi state alone accounting for about two million metric tons of rice out of estimated four million metric tons so far realized under programme alone nationwide.

Source: The Nigerian Voice (local news)

29 thoughts on “Anchor Borrowers’ Programme: Farmers Repaying Loans – Cbn Says

  • 19th November 2020 at 7:43 am
    Permalink

    For most up-to-date news you have to go to see the web and
    on internet I found this website as a most excellent web site for newest updates.

    Reply
  • 20th November 2020 at 9:39 pm
    Permalink

    hi!,I like your writing very a lot! percentage we keep in touch more approximately
    your post on AOL? I require an expert on this space to solve my
    problem. May be that is you! Taking a look forward to see you.

    Reply
  • 25th November 2020 at 10:09 am
    Permalink

    What’s up, I want to subscribe for this blog to
    take most recent updates, thus where can i do it please help out.

    Reply
  • 26th December 2020 at 7:21 pm
    Permalink

    I was suggested this website by my cousin. I’m not sure whether this post is written by him as no one else know such detailed about my difficulty. You’re amazing! Thanks!

    Reply
  • 28th December 2020 at 10:22 pm
    Permalink

    Hello i am so delighted I discovered your blog, I actually discovered you by error, while I was searching Yahoo for something else, Anyways I am here now and would just like to say thanks for a great blog posting and a all round absorbing blog (I also love the theme/design), I do not have time to read it all at the right now but I have bookmarked it and also added your RSS feeds, so when I have time I will be back to read more,

    Reply
  • 30th December 2020 at 7:54 pm
    Permalink

    There are many posts on the market near this, I do believe taking there reference could experience made this spot or article really informative. Practical goal expression this post is unhealthy. Simply I must pronounce that the info provided here was unique, merely so it will be more in close proximity to complete, supporting to former information will receive been actually good. The points you have touched here are vital, thus I am going to spot many of the information here to create this actually best for entirely the newbie’s here. Thank you for this info. Actually helpful!

    Reply
  • 1st January 2021 at 6:25 pm
    Permalink

    Thank you so much for giving my family an update on this issue on your web-site. Please realise that if a brand new post appears or if perhaps any adjustments occur to the current post, I would be interested in reading a lot more and focusing on how to make good use of those strategies you reveal. Thanks for your efforts and consideration of other people by making this web site available.

    Reply
  • 3rd January 2021 at 11:42 pm
    Permalink

    I start to hate this junk e-mail from writing here figures on the forums… Your journal looks as unoccupied without… Would You like to serve me and show to all the know-how you are using if You’re fighting against the spamers? TX

    Reply
  • 17th January 2021 at 5:37 am
    Permalink

    Magnificent goods from you, man. I’ve understand your stuff previous to and you are just too fantastic.
    I actually like what you have acquired here, really like what you’re stating and the way
    in which you say it. You make it enjoyable and you still care for to
    keep it wise. I can’t wait to read much more from you.
    This is actually a terrific site.

    Reply
  • 17th January 2021 at 3:38 pm
    Permalink

    That is a very good tip especially to those fresh to the blogosphere.
    Brief but very accurate information? Thanks for sharing this one.
    A must read article!

    Reply
  • 22nd February 2021 at 2:19 am
    Permalink

    Pretty section of content. I just stumbled upon your blog and in accession capital to assert that I
    acquire actually enjoyed account your blog posts.
    Anyway I’ll be subscribing to your augment and even I achievement you access consistently quickly.

    Reply

Leave a Reply

Your email address will not be published.