September 25

Central Bank of Nigeria Disburses N374 Billion (USD 983 Million ) To Smallholder Farmers

By James Emejo and Folalumi Alaran

The Central Bank of Nigeria (CBN) yesterday said it has funded smallholder farmers (SHFs) under the Anchor Borrowers Programme (ABP) to the tune of N374 billion across the cassava, maize, cotton and rice value chain from 2016 to date.

CBN Director, Development Finance Department, Mr. Yila Yusuf, disclosed this at a meeting of key stakeholders in the programme.

Photo courtesy of Christophe Maertens

Source: THISDAY LIVE (link opens in a new window)

Agriculture, Finance
financial inclusion, smallholder farmers, social enterprise