Thursday 7 April 2016

20,000 rice farmers to get CBN’s N1.8b loan in Niger



Twenty thousand rice farmers in Niger State would be assisted with a N1.8 billion loan under the Central Bank of Nigeria Anchor Borrowers Programme within the next four years.
The Niger State Coordinator of Agriculture Graduates Association of Nigeria, Malam Hussaini Iliyasu, stated this on Thursday in Minna, the state capital, at a stakeholders’ meeting.
The News Agency of Nigeria reports that the Rice Value Chain Investment Project Multi Stakeholders’ meeting was held among the State Ministry of Agriculture, IFAD, CBN and the association.
Iliyasu said 150 agricultural agents would be employed for close monitoring of farmers under the scheme to ensure they pay back their loans as at when due.
Iliyasu said the loan would cover the entire chain of the rice sector, adding that different cooperatives were involved in these programme.
Iliyasu said the association had done a detailed study of the total package, consisting of inputs, technical support, equipment and marketing strategies for the past three years.
The coordinator charged other relevant associations to collaborate with AGAN to avoid duplication of the programme and to ensure success of the entire programme.
He gave the assurance that all the cooperatives have been properly verified to authenticate their individual membership of AGAN.
In her remarks, the CBN representative, Margaret Sulaiman, tasked stakeholders to tap from the success story of the scheme recorded in Kebbi and Kano States‎.
Sulaiman urged farmers to be focused and committed to rice production, noting that this would go a long way in alleviating poverty among the teeming unemployed youths in the country.
NAN‎ reports that the CBN Anchor Borrowers Programme is designed to create economic linkages between farmers and processors.
NAN.

http://theeagleonline.com.ng/20000-rice-farmers-to-get-cbns-n1-8b-loan-in-niger/

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