Farmers already repaying anchor borrowers loan – CBN

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The Central Bank of Nigeria said that farmers have commenced the repayment of the N33.4 billion loan given to them under the Anchor Borrowers Programme.

In a statement on Wednesday, the Acting Director of Communications, CBN, Mr Isaac Okorafor said the loan was initially released through 12 Participating Finance Institutions in respect of 146,557 farmers across  21 states cultivating over 180,018 hectares of land.

“Contrary to insinuations about the unwillingness of farmers to pay up their loans, farmers who accessed these, under the Anchor Borrowers’ Programme (ABP) have indeed commenced repaying their loans.

“Out of the N33.34 billion released, about N15.137 billion was disbursed to 73,941 Kebbi State farmers  which have fallen due for repayment with N7.119 billion representing 47 per cent, repaid and returned to CBN.

“Meanwhile, the balance of N18.203…

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