Business

1.1m farmers benefit from Anchor Borrowers’ Programme- CBN

The Central Bank of Nigeria (CBN) said that 1,140, 854 farmers have benefitted from the Anchor Borrowers’ Programmes (ABP) since its inception.

The CBN Director of Corporate Communication Department, Mr. Isaac Okorafor made this known, weekend, during the CBN Special Day at the 2019 Abuja International Trade Fair, with theme, “Remodeling SMEs Financing Options and Solutions”.

Okorafor who was represented by a deputy director in the CBN communications department, Mrs. Veronica Aqua said the apex bank has 29 intervention programmes targeted at various stakeholder groups, including farmers, women, youth, small and medium enterprises.

The director noted that the Fair’s theme captures the focus and efforts of the CBN towards stimulating economic growth through backward integration and expansion of small and medium enterprises.

According to him, “it is at the heart of what the CBN Governor, Mr. Godwin Emefiele is committed to, by consolidating on the achievements of his first tenure to catalyze the development of small and medium enterprises for sustainable growth”.   

Okorafor listed some of the interventions to include; “The Micro, Small and Medium Enterprises Development Funds (MSMEDF) designed to channel low interest funds to MSME subsector to enhance access by entrepreneurs, especially women and People Living with Disability (PLWD).

“Small and Medium Enterprises Equity Investment Scheme (SMEEIS) an initiative of the Bankers’ Committee and a direct response to the Federal Government’s policy measure for promotion of Small an Medium Enterprises (SMEs)

“The Anchor Borrowers’ Programme (ABP) designed and launched in 2015 to finance smallholder farmers and create economic linkage between the farmers and commodity processors/millers.

“Others are the Commercial Agricultural Credit Scheme (CACS) that commenced in 2009 to fast-track the development of the agricultural sector.

“The bank in 2016 launched the Youth Entrepreneurship Development Programme (YEDP) to facilitate an improved access to finance by youths in order to develop their entrepreneur skills.

“The bank also collaborating with the Banks’ Committee, instituted the Agri-business/ Small and Medium Enterprises Investment Scheme AGSMEIS) to improve access to affordable and sustainable finance by agricbusiness and MSMEs.

“The bank and Bankers’ Committee also set up the Creative Industry Financing Initiatives (CIFI) to improve access to long-term, low-interest financing by entrepreneurs and investors in the creative industry and Information Technology (IT) subsector”     

Comment With Facebook

Comments (129)

  1. Nice meet up with you, I am Thomas Shattuck. His wife and him chose to live in Vermont the particular husband will never move. Credit authorising is how she makes money but she plans on changing information technology. Climbing exactly what I do every helpless. I am running and maintaining a blog here: #link#

  2. What’s up, yes this paragraph is genuinely good and I have learned lot of things from it on the topic of blogging. thanks.|

  3. Hi! I’m at work browsing your blog from my new iphone! Just wanted to say I love reading your blog and look forward to all your posts! Carry on the excellent work!|

  4. What’s up, every time i used to check web site posts here early in the daylight, because i enjoy to learn more and more.|

  5. Lance Shattuck is with an outdoor oven call me but however call me anything you like. Puerto Rico is where she and her husband live and she has are more expensive she needs there. Supervising is her profession. Climbing location that he’s been doing for a lot of years. You can always find his website here: #link#

  6. An outstanding share! I’ve just forwarded this onto a colleague who was conducting a little homework on this. And he actually bought me lunch simply because I discovered it for him… lol. So let me reword this…. Thanks for the meal!! But yeah, thanks for spending time to discuss this issue here on your web site.|

  7. I was recommended this website by my cousin. I am not sure whether this post is written by him as nobody else know such detailed about my trouble. You’re incredible! Thanks!|

  8. I know this if off topic but I’m looking into starting my own blog and was curious what all is needed to get set up? I’m assuming having a blog like yours would cost a pretty penny? I’m not very web savvy so I’m not 100 certain. Any suggestions or advice would be greatly appreciated. Thank you|

  9. I’m very pleased to uncover this site. I want to to thank you for your time just for this wonderful read!! I definitely appreciated every part of it and I have you book-marked to check out new things on your blog.|

  10. Hello, just wanted to tell you, I liked this post. It was funny. Keep on posting!|

  11. Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point. You obviously know what youre talking about, why waste your intelligence on just posting videos to your weblog when you could be giving us something enlightening to read?|

  12. The author is known by the domain name of Magali Ary. Administering databases is how I make moolah. To camp is something that he’s been doing for years of age. For years I’ve lived in Nc and mother and father live next door. She’s not good at design a person might to help check her website: #link#

  13. Hi generally. My name is Rayna. It’s not just a common thing but what she likes doing is coin collecting but she can’t make certain it is her career. Office supervising already been his day job for a long time. California is where my home is i have all of that I need here. Check out the latest news on my website: #link#

  14. Rhett is what’s written on my birth certificate but I never really liked that name. To model trains is the thing I love most just about all. Administering databases is where his primary income emanates from and his salary already been really potentially bountiful. Her house has grown into in Nc and she loves each and every living in that respect. If you want to find uot more check out his website: #link#

  15. I read this post fully regarding the comparison of most up-to-date and earlier technologies, it’s amazing article.|

  16. The author’s name is Lance. It’s not a common thing but what she likes doing is perform curling but she’s been taking on new things lately. Her husband and her live in California. He works being a messenger but he’s always wanted his very own business. If you wish to find out more check out his website: #link#

  17. Basil Gonzales is title people use to call hime constantly and he totally digs that term. I am really fond of to jog and I shall be starting something else along with it. Data processing has been my profession for some point. My family lives in Puerto Rico and my parents live localized. See what’s new smaller website here: #link#

  18. The author is known by the naming of Magali Ary. To camp is something that he’s been doing for a very long time. For years I’ve been living in North carolina and mom and dad live to your neighbors. Administering databases is how I make profit. She’s not good at design we might to be able to check her website: #link#

  19. Basil Gonzales is title people use to call him up and he totally digs that name. I am really fond of to jog and I’m going to be starting another thing along with the wine. Data processing has been my profession for it slow. My family lives in Puerto Rico and my parents live localized. See what’s new tiny website here: #link#

  20. Nice post. I learn something more challenging on different blogs everyday. It will always be stimulating to read content from other writers and practice a little something from their store. I?d prefer to use some with the content on my blog whether you don?t mind. Natually I?ll give you a link on your web blog. Thanks for sharing.

  21. The author’s name is Thad Shattuck. It’s not a common thing but what I find nice doing is archery however can’t turn it into my profession really. Puerto Rico will be the my residence is and I have everything which need suitable. Data processing is how I earn money. I’m not good at webdesign we might in order to check my website: #link#

  22. Miss Friel is what’s written on her behalf birth certificate and she totally digs that appoint. My husband and I chose to reside California. His wife doesn’t like it the way he does but what he really likes doing is researching fashion but he can’t allow his field. Supervising has been my profession for a but I plan on changing this task. If you want to find out more away his website: #link#

  23. Enjoyed examining this, very good stuff, regards.

  24. The writer’s name is Miss Epley. The job she has been occupying do you recall is a human resources assistant but she plans on changing that it. It’s actually common thing but a few things i like doing is solving puzzles nevertheless i don’t use the time lately. My family lives in Connecticut. See what’s new on my website here: #link#

  25. I’m Rhett Staff. As a man what I like is to model trains and We will be starting another thing along by it. Her family lives in North Carolina. Administering databases is the she makes money but she intentions of changing this item. I am running and tweaking a blog here: #link#

  26. Hi on that point there. My name is Magali though Certain really like being called like that can. His day job is a procurement police agency. For a while he’s been in Puerto Rico and his parents live nearby. As a woman what she really likes is solving puzzles all of this was she is hoping to cash in on it. She is running and maintaining weblog here: #link#

  27. “I used to be able to find good information from your articles.”

Comment here