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Central Bank of Nigeria's (CBN) governor Godwin Emefiele
Central Bank of Nigeria (CBN), has released N43.92b to over 200,000 farmers under its Anchor Borrowers’ Programme (ABP).
Governor of the apex bank, Godwin Emefiele, who disclosed this in Abuja, at the 12th International Trade Fair, said smallholder farmers in 29 states across the country have benefited from the fund with an accompanying boost in rice, wheat, maize, cotton, soya beans, cassava and groundnut cultivation, as well as poultry and fish farming.
Represented by the bank’s Acting Director, Corporate Communications, Isaac Okorafor, he said: “Reports from the real sector operators also indicate that some companies have grown in geometric progression, as a result of the policy. The bank has also continued to fund the foreign exchange window in a bid to stabilise the naira, which I am sure, you are all witnesses to the near convergence in the foreign exchange market.”
