Fidelity bank banner Bayelsa State banner
Anchor Borrowers’ Programme: Farmers repaying loans, says CBN

By News Express on 04/05/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 619

•CBN Headquarters.
•CBN Headquarters.

Contrary to insinuations about the unwillingness of farmers to pay up their loans, the Central Bank of Nigeria (CBN) says farmers who accessed under its Anchor Borrowers’ Programme (ABP) have indeed commenced repaying their loans.

Details of the loan disbursement and repayment obtained from the apex bank indicate that as at March 31, 2017 a total sum of N33.34 billion had been released through 12 Participating Finance Institutions in respect of 146,557 farmers across 21 states cultivating over 180,018 hectares of land.

Out of the total amount of N33.34 billion released to date, about N15.137 billion disbursed to 73,941 Kebbi State farmers have fallen due for repayment with N7.119 billion representing 47 per cent, repaid and returned to CBN.

Meanwhile, the balance of N18.203 billion of the 12 months tenured loans released to farmers in the other 20 states for two cropping (wet and dry) seasons have not fallen due for repayment, CBN said. It added that farmers in other benefiting states have also commenced the repayment to the tune of N1.238 billion which is already with the CBN.

A CBN statement issued on Wednesday in Abuja said: “Efforts are currently being made by the participating state governments to ensure that all outstanding loans are repaid by the farmers as soon as they are due before commencement of the next dry season cultivation. This is to enable the CBN extend similar gestures to farmers in other states which have indicated interest in the participating in the Anchor Borrowers Programme.

“Six commodities namely, rice, wheat, maize, soya beans, cotton and fish have also been cultivated by the farmers with appreciable yields achieved with Kebbi State alone accounting for about two million metric tons of rice out of estimated four million metric tons so far realised under programme alone nationwide.”

Source News Express

Posted 04/05/2017 4:49:27 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
FG charges Airtel to spread 4G Network throughout...

How Okorocha was demystified in Imo

Senate suspends Omo-Agege over unguarded comment

Coalition petitions EFCC, demands probe of N117‎bn rice...

Explosion rocks Lagos filling station

Stop evading taxes, CITN tells companies

Local Governments in Katsina owe contractors N20 billion...

Saraki seeks media partnership to end recession

NANS loses ex-president, declares 1 month mourning

FG releases N3.77bn for school feeding programme

Liverpool will be ‘on fire’ against Madrid in...

Armed Fulani Herdsmen: Limits of presidential impunity

 

Latest News Leah Sharibu, Dapchi Five and ransom scam, By Ann Mcgregor, PhD Another showdown at APC convention as delegates exchange blows, throw chairs Many feared killed as gunmen invade villages in Plateau Why we did not attend APC National Convention — Kwankwaso Group accuses Bayelsa APC of recruiting cultists for elections ISIS Threat: FG beefs up security, deploys AIG to Lagos airport FG to begin Voluntary Asset Repatriation Scheme as VAIDS expires Surveyors offer to help FG fight insurgency, herdsmen/farmers clash SERAP wins battle to compel Adamu, Ogbeh to account for spending on water US government reunites 522 children removed under 'zero tolerance' NLNG to boost domestic LPG supply with new vessel NEITI urges review of Oil Producing Agreements

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (353,092 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (353,042 views) Shameless Genevieve Nnaji exposes breasts in public (281,029 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (230,626 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (209,454 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (209,447 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (182,283 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (164,470 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (154,151 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (149,064 views) Lagos plane crash: Journalist releases victims’ names (144,238 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (135,942 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (50) Business & Economy (3,267) Business Verdict (44) Columnists (871) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (507) Features (608) Global Business Monitor (284) International (2,056) Interview (155) Live Commentary (28) Love Matters (124) News (36,462) Opinion (1,005) Pidgin (10) Politics (5,333) Religion (772) Sports (1,562) Stock Watch (30) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Nigeria vs Iceland 2-0 All Goals & Highlights

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement