CBN disburses N4bn loans to rice farmers in Jigawa

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The Central bank of Nigeria (CBN) has disbursed farming equipment worth four billion naira to rice famers under anchor borrower programme in Jigawa state.

Coordinator of the programme Abdu Amadu stated this yesterday during the distribution of 2021 dry season rice farming materials in Dutse.

He said the anchor borrower program was introduced by the apex bank in 2015 with a view to support peasant farmers in the country.

Amadu explained that in the last two years, Jigawa state government has refunded over 700 million naira to the bank following the supply of substandard wheat seeds to farmers under the anchor borrowers’ program.

He therefore called on the state ministries and agencies and other stakeholders to cooperate with the bank on loan recovery. Responding, the chairman of rice farmers association of Nigeria represented by Muhammad Auwal expressed his gratitude to government on behalf of beneficiaries.

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