The target of the programme is to adopt farmers in 774 LGAs across the country.
The CBN warned the public to stop any form of correspondence with the fake Twitter handle.
The selection process would be fair and transparent, the public would be carried along at every stage.
The apex bank had announced measures to aid Nigeria's economy from slipping back into recession.
In Nigeria, deposit money banks are required to keep 65% loan to deposit ratio.
The Governor encouraged all of the beneficiaries to make judicious use of the loans.
At least, more than 1.1 million farmers are expected to benefit from the CBN loans.
The businesses have been granted three months holiday from paying back their loans.