Anchor Borrowers Programme: CBN Disburses N1.09trn to Farmers

Date:

Share:

Anchor Borrowers Programme: CBN Disburses N1.09trn to Farmers
Godwin Emefiele, CBN Gov

Anchor Borrowers Programme: CBN Disburses N1.09trn to Farmers

The Central Bank of Nigeria (CBN), has disbursed N12.65 billion to the Anchor Borrowers Programme (ABP), its flagship agriculture intervention scheme from January till date.

S

ince 2015, a total sum of N1.09 trillion has been disbursed under the programme, the apex bank chief, Godwin Emefiele, said after the monetary policy committee meeting in Abuja.

While reading the communique issued at the end of the 290th MPC meeting , the CBN governor said the total sum that has been disbursed under the ABP since its inception in 2015 is N1.09 trillion.

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

“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,” Emefiele said.

He said that the CBN had also disbursed huge sums as an intervention to various other sectors of the economy.

“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,” he said.

He said that the apex bank also released N3.01 billion under the Nigerian Electricity Market Stabilisation Facility (NEMSF-2) for capital and operational expenditure of electricity distribution companies (Discos).

He said that the facility was aimed at improving liquidity status of the Discos, and aiding their recovery of legacy debt.

“This brings the cumulative disbursement under the facility to N254.39 billion,” he said. # CBN Disbursed N12.65bn as Agric. Intervention from Jan to Mar– Emefiele

Subscribe to our magazine

━ more like this

Prophet Ikuru Urges President Tinubu to Address IPOB Leadership Issue

In a significant statement, Prophet Godwin Ikuru of the Jehovah Eye Salvation Ministry has called on President Bola Ahmed Tinubu to address the issue...

AFCON 2023 Countdown: Cote d’Ivoire may turn back some Nigerians over travel passports

BY KUNLE SOLAJA. Nigerians holding the ECOWAS Travel Certificates and going for the Africa Cup of Nations next month are certain...

Namibia trainer Benjamin names list of 28 players

Namibia will make its fourth African Cup of Nations appearance Coach Collin Benjamin has called up 28 players The Brave Warriors...

Guinea coach Diawara names 25-man squad for AFCON

Guinea will be making its 13th  African Cup of Nations appearance Coach Kaba Diawara has called up 25 players Syli National...

Mozambique coach Conde announces 23-man squad

Mozambique will make their fifth  African Cup of Nations appearance Coach Chiquinho Condé has called up 23 players The Mambas placed...
spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here