Over 60, 000 rice farmers from Kano State will be beneficiaries from the Central Bank of Nigeria’s Anchor Borrowers Programme.
Organising Secretary, Rice Farmers Association of Nigeria, RIFAN , Isa Bawa, gave this information in an interview with news correspondents on Sunday.
Bawa hinted that the Central Bank of Nigeria, CBN, was need in of no fewer than 100,000 registered farmers before the fund would be disbursed.
The Federal Government had inaugurated the programme in November 2015 in Kebbi as part of effort to boost rice and wheat production nationwide.
He also disclosed that every farmer that cultivates an hectare of rice farm land, would receive pesticide, herbicide, fertilizer within a tune on N250,000.
“The CBN has set aside N40 billion for the implementation of the programme in the state. We are trying to register at least 60,000 rice farmers so that the programme can start before the wet season,” Mr. Bawa said.
“We are expected to have a minimum of 10 farmers and a maximum of 25 farmers in each cooperative.”
