Anchor Borrower: CBN to support 120,000 rice farmers in Kano

CBN identifies major economic sabotage in Nigeria

CBN to support 120,000 rice farmers in Kano – No fewer than 120, 000 rice farmers in Kano State will benefit from the Federal Government’s Anchor Borrower Programme (ABP) for this year’s dry season farming, the state Chairman of the Rice Farmers Association of Nigeria (RIFAN), Alhaji Abubakar Aliyu, has said.

He stated this in an interview in Kano, during the week.

He said already the list of the registered farmers had been forwarded to the Central Bank of Nigeria (CBN) for verification and processing of the loan facility.

He said each farmer would receive a loan package of not less than N220, 000 comprising input and certain amount of money for paying labour.

He said: “About 150, 000 rice farmers registered for the programme, but the number had to be reduced to 120,000 due to issue relating to Bank Verification Number (BVN).

“The list of the successful farmers have been forwarded to the CBN for immediate processing as the dry season farming activities for the commodity will soon commence,”

Aliyu advised farmers who were not able to scale through due to the issue of the BVN to exercise patience, assuring that they would be given priority during the wet season programme.

He also advised those selected to make best use of the loan facility to boost rice production in the state and the country at large.

“This is an opportunity for our members to improve their socio-economic status since the Federal Government was committed to supporting the sector for massive food production in the country,” Aliyu said.

He urged farmers across the country to embrace rice production so as to end importation of the commodity.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Financial Watch. Every investment and trading move involves risk. You should conduct your own research when making a decision.

About Haruna Magaji 2587 Articles
Haruna Magaji is a journalist, foreign policy expert and closet musician. He is a graduate of ABU Zaria and a member of the Nigerian union of journalists. JSA, as he is fondly called, resides in Suleja, Abuja. email him at - [email protected]

Be the first to comment

Leave a Reply

Your email address will not be published.