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120,000 maize farmers will receive CBN loans for this year’s maize farming season through the Anchor Borrowers’ Programme (ABP).
This was disclosed by Unity Bank CEO, Mrs Tomi Somefun in a statement on Friday, in Lagos.
She stated that the CBN funding during the wet season was part of the administration’s promise to farmers adding that the bank had been funding farmers through the scheme since 2019. Over 37,000 farmers received funding in 2019, while in 2020, the number of farmers rose to over 70,000.
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“With agriculture contributing over 26% to Nigeria’s GDP and employing about 50% of Nigeria’s working population in the rural areas, the bank will continue to make strategic investments into the sector.
Investments are in line with the Federal Government’s quest to attain food sufficiency, diversify the economy away from oil, create jobs for the youth and reduce poverty,” she said.
Mrs Somefun also stated that the bank is fully committed to its partnership with the Maize Association of Nigeria (MAAN) and this commitment will ensure the attainment of FGN/CBN target of meeting self-sufficiency in maize production through the association.
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What you should know
The Central Bank of Nigeria (CBN) revealed that 3.8 million farmers have so far benefited from its Anchor Borrowers’ Programme (ABP) since 2015, adding that N554.61 billion has so far been disbursed to the beneficiaries through the programme since its inception.
In March, President Muhammadu Buhari approved the sum of N600 billion to take advantage of this year’s rainy season and enhance food production, as Nigeria is expected to produce 60% of the country’s wheat demand under the CBN’s anchor borrowers programme.
We have land at Otukpo, Benue State for Maize farm. We just needed a fund
Good evening,
Please how can we participate in the ongoing anchors borrowers program 2021? What are the criteria for qualifications & set out date for the commencement of the application via online and handwritten application.
Enough land space is allotted to my family in Etche LGA of Rivers State. Etche is also popularly known as one of the food basket producers of our nation. At such, it can be used for the production of maize if funds/loans can be easily accessible to a common Nigeria man.
We have land at Rafin Kwara New Karshi Nasarawa for maize planting. We kindly beg for your financial support sir/ma
How can I benefit from it, or how can be part of the programs,?
Please I need money because of now is the time of farming but now i don’t have it.
How can I benefits with this program
We have landed in adamawa state Hong how did we get money to use maize farming, nirsal has measure our land since February, which did we follow to get. d money????
This is a interesting program it go along in boosting food production and equally bring down prices of maize related commodity in Nigeria
We have arable land for maize crop with a registered trademark in ikire osun state
I. Am richly happy to hear about this program how can we access the loan there is enough land for farming
I’m a farmer I don’t have any idea on this program