Anchor Borrowers Programme: CBN to fund 1.6 million farmers for 2020 farming season

The Central Bank of Nigeria (CBN), Tuesday, said it would fund 1.6 million farmers across the country in the 2020 wet season. through its Anchor

, Tuesday, said it would fund 1.6 million farmers across the country in the 2020 wet season. through its Anchor Borrowers Programme .

Mr Yusuf stressed that farmers are expected to pay back the loan given to them by CBN under the programme. “CBN is trying to bring back the glory of textiles of those days where the industry used to employ 10 million people across the country. Farmers captured under this programme include those cultivating cereals, cotton, roots and tubers, sugarcane, tree crops, legumes, tomato and livestock.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

PremiumTimesng /  🏆 3. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

COVID-19 palliative: CBN to credit successful applicants' accounts within 48hours - Daily Post NigeriaThe Central Bank of Nigeria (CBN) has said all successful applicants under the COVID-19 Targeted Credit Facility (TCF), will have their accounts credited
Read more »

N50bn loan: CBN waives guarantor requirement for SMEs, householdsThe Central Bank of Nigeria (CBN) has waved the guarantor requirement on the N50bn COVID-19 intervention fund for SMEs and households. The CBN in a tweet on its official twitter handle announced: “…
Read more »

COVID-19 loans’ll be disbursed 48 hours after approval – CBN|p style=
Read more »

CBN offers local drug manufacturers N500m maximum grant|p style=
Read more »

COVID-19 Funds: CBN disburses N107.45bn to beneficiariesThe CBN data showing the disbursements indicated that under the N100 billion healthcare sector intervention fund, the CBN has approved and disbursed N10.15 billion for some projects for the establishment of advanced... Read more:
Read more »

CBN Limits Healthcare Research Grant to N500m - THISDAYLIVE•Outlines guidelines for intervention scheme By Obinna Chima The Central Bank of Nigeria (CBN) has unveiled guidelines for its Healthcare Sector Research and Development Intervention Scheme (HSRDIS) and fixed the maximum limit eligible for development/manufacturing activities at N500 million. However, under the HSRDIS, the maximum grant limit for research was pegged at N50 million. In …
Read more »