CBN Disburses N791bn Loan To 3m Farmer

The Central Bank of Nigeria (CBN), says it has disbursed N791 billion to over three million farmers across the 36 states, under its Anchor Borrowers’ Programme (ABP). The Director, Development Finance Department of the bank, Mr Yusuf Yila, made this known on Friday in Abuja, during an interaction with newsmen. Yila said the apex bank had reduced the interest rate on the loan from nine per cent to five per cent, to encourage more farmers to have access to the credit. The News Agency of Nigeria (NAN) recalls that the ABP was launched on Nov. 17, 2015, and designed to

By |August 13th, 2021|Categories: News|Tags: |0 Comments
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