Anchor Borrowers Initiative

As of April 2021, the Central Bank of Nigeria (CBN) reported that 3,107,949 small-scale farmers had benefited from the Anchor Borrowers Program. Mr Osita Nwanisobi, CBN’s acting director of corporate communications, made the announcement at the bank’s special day at the ongoing 42nd Kaduna international trade fair, which is themed “Promoting Domestic Production to Mitigate Current Economic Challenges.” “The Anchor Borrowers Program was able to provide intervention facilities to 3,107,949 small holder farmers who cultivated 3.8 million hectares of land,” the director said, urging Nigerians, particularly women and youths, to participate in the CBN’s series of intervention programs. We therefore […]