Loan: CBN rejects 100,000 Adamawa farmers

Adamawa State Governor, Jibrillah Bindo

Adamawa State Governor, Jibrillah Bindo, has expressed concern over the Central Bank of Nigeria’s rejection of about 100,000 farmers’ participation in the “Anchor Borrowers Programme’’ due to hitches in their registration.
Bindo said this in Yola, the state capital, on Thursday during the presentation of fertilisers and herbicides to registered beneficiaries to kick off the scheme.
Bindo said, “I am worried and disturbed that about 100,000 farmers captured in the national anchor borrowers initiative in the state were rejected by the CBN due to lack of Bank Verification Number.

“There is need for the state Ministry of Agriculture and farmers’ associations to closely work together and sensitise the farmers to avoid this rejection in future.’’
He said the 28,000 farmers that were successfully approved were not enough for the state, adding that more efforts should be made to register more.
The governor noted that the money meant for Adamawa State under the initiative was with the CBN but he assured the people that efforts would be made to enable the farmers to get it.

September 16, 2016