Fidelity bank card banner Camano banner
Kano Govt. constitutes committee to recover N850m loan from rice farmers

By News Express on 21/05/2019

Views: 218

• Governor Abdullahi Ganduje
• Governor Abdullahi Ganduje

Prof. Mahmoud Daneji, the Managing Director, Kano State’s Agricultural and Rural Development Authority, says the state government has constituted a committee to recover N850 million loan from rice farmers in the state.

Daneji, who disclosed this in an interview with the News Agency of Nigeria (NAN) on Tuesday in Kano, said that the loan was taken by the farmers under the Anchor Borrower programme of the Central Bank of Nigeria (CBN).

He said the committee was being headed by the Secretary to the State Government, Alhaji Usman Alhaji.

NAN recalls that a total of 5,540 rice farmers in Kano benefited from the programme, when it was launched in November 2016.

The farmers received a total of N906 million as loans from the CBN under the programme while each of the farmer got N163,710 as loan.

Daneji said the state government was surprised that majority of the rice farmers who benefited from the facility were yet to repay the loan.

“I am not happy to say that most of the rice farmers that benefited from the CBN’s Anchor Borrowers Programme are yet to refund over N850 million.

“A total of N906 million was disbursed to the farmers but regrettably not more than N50 million was recovered from the money as most of the farmers think that it is a national cake,’’ Daneji said.

The state Chairman of All Farmers Association (AFAN), Alhaji Faruk Rabi’u had earlier in an interview with NAN appealed to its members to repay their loans.

He reminded the 27,000 registered rice farmers in the state that the loan was not a gift but a revolving loan. (NAN)

Source News Express

Posted 21/05/2019 8:06:55 PM





You may also like...
America investigating death of soldiers in Niger ambush...

CBN Deputy Governor Moghalu to lecture U.S. scholars...

5 in police net for kidnap, sale of...

Akwa Ibom House of Assembly condemns murder of...

Police shortlist 5,059 candidates for medical screening

INEC bans use of phones in polling units;...

Jonathan confirms names of crash victims, mourns

Nigeria drops again in FIFA Rankings

Okorocha’s sack of 3,000 Imo workers wicked, callous...

Nigeria vs Amnesty International: FG inviting trouble —...

Kaduna pilgrim among 107 killed in Macca crane...

Kaduna refinery resumes production at 60 per cent...


Latest News BREAKING NEWS: 30 reported dead as suicide bombers attack Borno Herdsmen: Ohanaeze youths declare state of emergency in South-East •Task state governors 3 Nigerians, 4 others arrested for hacking into 2,000 accounts in India Soldier, 2 NSCDC personnel killed in Ogoni by cultists, illegal oil bunkerers Face-off: Bode George should shut up, leave PDP — Jimi Agbaje 6 suspected telecom mast vandals nabbed in Rivers Ikpeazu appoints Transition Chairmen, deputies for Abia councils NYSC to communicate payment of new N30,000 allowance to corps members Leadership failure Nigeria’s biggest problem — Obi Police begin investigation of abduction, attack in Enugu 20 per cent of teachers in Bauchi State payroll are ghost workers — Gov Project cost: FG to stop outsourcing foreign professionals


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (494,283 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (425,393 views) Shameless Genevieve Nnaji exposes breasts in public (365,179 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (311,818 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (276,126 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (243,929 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (233,867 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (215,785 views) 10 cars more expensive than Jets (212,489 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (204,360 views) Lagos plane crash: Journalist releases victims’ names (184,451 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (183,793 views)


NNPC Financial reports February 2019

CBN banner advert

UBA Wise Savers Promo


Categories Advertorials (3) African Press Organisation (81) Art & Literature (93) Business & Economy (4,308) Business Verdict (73) Columnists (1,051) Complaints & Requests (95) Enterprise & Opportunities (209) Entertainment (623) Features (761) Global Business Monitor (378) ICT Monitor (53) International (3,592) Interview (184) Live Commentary (30) Love Matters (162) Maggie's Blog (302) News (47,417) Opinion (1,260) Pidgin (17) Politics (11,023) Religion (1,022) Sports (2,043) Stock Watch (39) AMA & Al Jazeera Global Update






APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera