Rice farmers under the aegis of the Rice Farmers Association of Nigeria (RIFAN) have defaulted on about 52% of a N283.01 billion loan.
The apex bank report indicates that N289 billion of the loans are performing, N67.9 billion is substandard and N418.9 billion is doubtful.
The Central Bank of Nigeria (CBN) has warned that it may use the Global Standing Instruction (GSI) against...
The CBN has distributed a total of N1.01 trillion to over 4.2 million smallholder farmers across the country as of May 2022.
Despite these initiatives and many others by the CBN, the agriculture sector appears to have seen no real significant growth.
The Central Bank of Nigeria has stated that farmers who default in paying back loans gotten from the...
The Central Bank of Nigeria has revised the Anchor Borrowers’ Programme (ABP) guidelines. This was disclosed by the...
Recent media reports suggest the CBN is struggling to recoup the loans disbursed in 2015 from the concerned farmers under its Anchors Borrower's Programme (ABP).
