We have read the two-part series of the views of a certain Ustaz Abubakr Siddeeq Muhammad, who used a faith-based column in the Leadership newspaper on
For the records, we shall not join issues with Ustaz Muhammad. Still, we will give a chronological sequence of what transpired in respect of the two companies in which he has interests as far as the Anchor Borrowers’ Programme is concerned: The CBN received an application from Keystone Bank, a participating financial institution , in favour of Comerel Farms Limited on June 25, 2020, in which it requested for funding of 8,000 hectares of rice cultivation in the 2020 wet season in Sokoto State.
We have taken time to present a chronology of the transactions in respect of Messrs. Comerel Farms Limited and Wallmark MultiConcepts Limited and their effort to access funding under the Anchor Borrowers’ Programme to enable the reading public to realise the extent to which the CBN went in meeting its part of the process.
While we need not employ a megaphone to amplify the success of the CBN Anchor Borrowers’ Programme, particularly with regard to the cultivation of rice and maize, it is on record that the ABP, launched by President Muhammadu Buhari on November 17, 2015, to link processors and smallholder farmers of the required key agricultural outputs, is one of Nigeria’s most successful agricultural interventions.
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