FG To Extend Anchor Borrowers Program To Fish Farmers
President Muhammadu Buhari speaking in Poland. Photo credit: Twitter.

The federal government has said it would extend its Anchor Borrowers Programme to palm oil, and fish farmers in the country.

This was revealed by the Central Bank of Nigeria (CBN) Governor Godwin Emefiele at the bankers’ dinner in Lagos.

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According to Emefiele, “We have maintained a particular focus on supporting farmers, entrepreneurs as well as small and medium scale businesses, through our various intervention programmes such as the Anchor Borrowers Program, Nigeria Incentive-Based Risk Sharing System for Agricultural Lending and the National Collateral Registry.”

He added that “It is in light of the success of the Anchor Borrowers Program with regards to cultivation of rice and maize that the Monetary Policy Committee in its last meeting on the 21st of November, 2018 recommended that the Anchor Borrowers program be applied to other areas such as palm oil, tomatoes and fisheries to mention a few.”