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Farmers demand more as CBN announces N554bn spendingFeatures — The Guardian Nigeria News – Nigeria and World News

• Expand operations in southern states, farmers urge CBN
Farmers and their association have called on the Federal Government to use the Central Bank of Nigeria-managed Anchor Borrowers’ Programme (ABP) to deepen food production in the southern states amid insecurity in the north.
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They made the call while commending various interventions of the CBN across the country, especially in rice, maize, cocoa, oil palm, poultry, and cassava production.
As of January 2021, the Central Bank of Nigeria (CBN) claimed it had disbursed N554.61 billion to 2,849,490 farmers to boost food security under its Anchor Borrowers’ Programme (ABP) beginning from 2015.

Mr Godwin Emefiele, the CBN Governor, had earlier explained that out of the amount, N61.02 billion was disbursed to 353,370 dry season farmers. ....

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CBN disbursements on 3.1 million projects rise to N6.01tn

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Okechukwu Nnodim, Abuja
The Central Bank of Nigeria’s financial disbursements on about 3.1 million projects have risen to N6.01tn, the apex bank has said.
It was learnt that the over three million projects were financed through 29 interventions, while the bank currently has 36 active intervention programmes.
The Director, Development Finance Department, CBN, Yusuf Yila, disclosed this at the African Continental Free Trade Agreement Strategy Workshop Series II on financial services and investment mobilisation, with the theme ‘Leveraging Nigeria’s financial services sector to maximise the gains of AfCFTA’.
Yila’s position at the workshop was contained in a statement issued in Abuja on Sunday by the Secretary, National Action Committee on AfCFTA and Senior Special Assistant to the President on Public Sector Matters, Francis Anatogu. ....

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