The Central Bank of Nigeria (CBN), under its Anchor Borrowers Programme, is set to empower no fewer than 11,250 farmers for the 2020 wet season farming in Adamawa state.
Alhaji Ilyasu Mu’azu, the Chairman, Adamawa branch of Maize Association of Nigeria (MAAN), disclosed this during the flag off of the 2020 wet season Anchor Borrowers Programme on Thursday in Yola.
Mu’azu stated that the 2020 wet season Anchor Borrowers Programme in the state was in collaboration with Central Bank of Nigeria (CBN), MAAN and Unity Bank.
“In the 2020 Wet Season farming, 11,250 farmers will be empowered in Adamawa by the Central Bank of Nigeria Anchor Borrowers Programme in collaboration with Maize Association of Nigeria and Unity Bank.
“In Adamawa state, in 2018 and 2019, the Anchor Borrowers Programme empowered 4,293 small scale farmers, through the provision of inputs, extension services and linkage with market outlets,” Mu’azu said.
He said that the farmers empowerment was a soft loan which would be repaid with farm produce.
The chairman observed that the rate of population growth, climate change, insurgency, farmers/herders conflict, flood effect and COVID-19 pandemic was alarming and threatening national food production in 2020.
The CBN representative at the event, Alhaji Adamu Yusuf, said that the bank was committed to ensure effective national agricultural growths.
Yusuf called on the beneficiary farmers to utilise the inputs given to them judiciously, to improve their standard of living and national food production.
He noted that the inputs were given as soft loam to famers, urging them to repay the loan as at when due, to enable the programme capture additional farmers in the next farming season.