Bauchi — Farmers in Bauchi State will be assisted to access the N15 billion agricultural loan from the Central Bank of Nigeria.
Governor Mohammed Abdullahi Abubakar who stated this in Bauchi at a town hall meeting between Bauchi State Government, Central Bank of Nigeria, other financial institutions, anchor companies, and agro-allied product dealers, said his administration had also provided N1.5 billion as contribution to farmers' equity to have access to the loan.
Giving a background to the loan, the governor said, "The present administration under the leadership of President Muhammadu Buhari launched an agricultural finance programme tagged 'Anchor Borrowers Scheme' in November last year in Kebbi State as a pilot project, which is now being replicated in the whole country.
The programme is one of the CBN's policy initiatives seeking to pursue development objectives of job creation, reduction in food imports and diversification of the economy."
Credit: Daily Trust
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