CBN Says It Has Disbursed N1.09trn Loans Under Anchor Borrowers’ Programme

The Central Bank of Nigeria (CBN) has revealed that it disbursed N12.65 billion to farmers under its anchor borrowers’ programme (ABP) in the first two months of 2023.

Governor of the apex bank, Godwin Emefiele made this known on Tuesday in Abuja while reading the communiqué issued at the end of the 290th meeting of the apex bank’s monetary policy committee (MPC).

Emefiele said that a total of N1.09 trillion had been disbursed through the ABP since its inception in 2015.

He said 4.6 million smallholder farmers cultivating or rearing 21 agricultural commodities have benefitted from the programme so far.

The ABP was launched by President Muhammadu Buhari on November 17, 2015, to create a linkage between anchor companies involved in the processing and small holder farmers (SHFs) of the required key agricultural commodities.