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The Central Bank of Nigeria has disclosed that it has disbursed a total of N756.51bn to over 3.7 million farmers under the Anchor Borrower’s Programme since the inception of the initiative in 2015.
Beneficiaries of this programme include farmers cultivating cereals cotton, roots and tubers, sugarcane, tree crops, legumes, tomato and livestock. The CBN also stated that so far, the sum of N121.57bn has been disbursed to 32,617 beneficiaries under its Agribusiness, Small and Medium Enterprise Investment Scheme, an initiative introduced in February 2017 by the MPC.
Other sectors that have benefited from the bank’s facilities and initiatives include health, information and communication technology and film.
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