Central Bank of Nigeria (CBN) disbursed 864 billion naira to 4.1 million farmers.
Written by News Room on November 25, 2021
The Central Bank of Nigeria (CBN) says it has so far disbursed 864 billion naira to 4.1 million farmers to cultivate 5.02 million hectares of land under its Anchor Borrowers’ Programme (ABP) since inception in 2015.
The CBN Governor, Mr Godwin Emefiele made the revelation while presenting the communiqué from the recently held Monetary Policy Committee (MPC) meeting of the apex bank in Abuja.
Emefiele said that, between September and October alone the apex bank, under the ABP disbursed 43.19 billion naira to support the cultivation of over 250,000 hectares of maize, sorghum, soya beans and rice in the 2021 dry season.
He added that the CBN also disbursed N5.88billion to finance six large-scale agricultural projects under the Commercial Agriculture Credit Scheme (CACS).
The CBN Governor added that the apex bank had also made huge investments to support the country’s health sector.
He said that funding for the health sector had resulted in establishment of two new Cancer Centers, over 59 MRI and more than 42 CT Scan Centers in Nigeria, within the last 18 months.
Amen J. Kantiyok