Kogi: 5,000 Rice Farmers Set For CBN’s Anchor Borrower Programme | Independent Newspapers Limited
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Kogi: 5,000 Rice Farmers Set For CBN’s Anchor Borrower Programme

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Posted: Jul 15, 2016 at 7:58 pm   /   by   /   comments (0)

No fewer than 5,000 registered rice farmers in Kogi State will benefit from the Central Bank of Nigeria (CBN) anchor borrower programme.

Mrs. Rabi Emaiku, state chairman of the Rice Farmers Association of Nigeria (RIFAN), made this known in a town hall meeting of rice value chain farmers and stakeholders in Lokoja on Friday.

Emaiku said that over 5,000 farmers in the state had registered and completed the necessary documentation required by the CBN to certify them fit to access the rice fund.

She urged stakeholders involved in rice production to harmonise ways to boost yields and ensure adequate rice production in the state, and make good use of the opportunity provided them by the Federal Government through the CBN to boost production.

“Our associations are ready to give our trust and support to the CBN, federal and state governments, and all other stakeholders to ensure the success of the programme in Kogi,” she said.

The chairman also commended Governor Yahaya Bello for his efforts and total support for farmers in making the programme a reality in Kogi.

The CBN representative, Mr. Idris Usman, head of the Development Finance Office, CBN, Lokoja, said he was there to witness the Memorandum of Understanding that would be signed by all stakeholders for onward transmission to the CBN for implementation.

Usman noted that 50 per cent guarantee of any amount agreed on in the meeting would be taken over by the CBN, while 40 per cent would be borne by the state government and 5 to 10 per cent by individual participants.

The stakeholders present at the meeting were the CBN, ADP, UNDP, Federal Ministry of Agriculture, RIFAN, Kogi State Ministry of Agriculture, and offtakers from Kano, Edo and Anambra States.

Others were seed suppliers, Tractorization Company, Sterling Bank, AFAN, SWOFON, KSARPFUL and various farmers’ associations in the state.