• About
  • Advertise
  • Contact
Friday, August 22, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Agriculture/ Water/ Mineral

CBN disburses N948 billion to 4, 478, 381 smallholder farmers

Vital News by Vital News
April 4, 2022
in Agriculture/ Water/ Mineral
0
Share on FacebookShare on Twitter

By Emmanuel Acha

Enugu – The Central Bank of Nigeria (CBN) says it has disbursed N948 billion to 4, 478, 381 smallholder farmers under the Anchor Borrowers’ Programme (ABP) across the country.

The Director, Corporate Communications Department, CBN, Mr Osita Nwanisobi disclosed this at the weekend in Enugu during the ongoing Enugu International Trade Fair.

The News Agency of Nigeria (NAN) reports that the ABP is an agricultural loan scheme launched in 2015 by the Federal Government through the CBN.

The main aim of the programme is to boost agricultural yields, halt large volumes of food importation and address negative trade balance.

RelatedStories

Over 15,000 Herders Flee Nigeria As Insecurity Threatens Livelihoods – Miyetti Allah

Kogi RAAMP: Gov. Ododo To Flag Off 12.5km Unosi–Odonto–Ogigiri Rural Road In Ajaokuta

AfDB Lauds Gov. Ododo Over Commitment To Agriculture, Food Security, Includes Kogi Among SAPZ Beneficiaries

Food Security : Minister Lauds Dangote Cement For Empowering 240 Farmers In Ogun

Meanwhile, Nwanisobi said that the smallholder farmers who benefited from the scheme cultivated 5.2 million hectares of farmland across the country, thereby, creating over 12.5 million direct and indirect jobs.

Under the CBN targeted Credit Facility designed to cushion the effect of the Coronavirus pandemic, the director said that the apex bank had disbursed N368.79 billion to 778, 000 beneficiaries.

He said that the beneficiaries comprised 648, 052 households and about 130, 000 Small and Medium Enterprises.

“Specifically, the bank disbursed N1.452 trillion to 337 large real sector projects in agriculture, manufacturing, services and mining under Real Sector Support Facility (RSSF),” he said.

Nwanisobi said that the CBN did it through its developmental role as enshrined in the CBN Act 2007 (as amended) led policy and financing support to about 40 interventions.

He said that the interventions were executed through the bank’s development finance initiatives.

He mentioned some of the initiatives to include the RSSF, the Agri-business/Small and Medium Enterprises Investment Scheme and the Non-oil Export Stimulation Facility among others.

Earlier, the President, Enugu Chamber of Commerce Industries, Mines and Agriculture (ECCIMA), Mr Jasper Nduagwuike, applauded the CBN for its various intervention efforts.

Nduagwuike urged the CBN to redouble its efforts in bank supervision.

“There must be a way the CBN will control the activities of fraudsters in the financial circle.

“Ponzi schemes seem to have a way of dodging the organisation until it has wrecked huge financial damage to individuals and the economy,” he said.

The ECCIMA president said that ECCIMA was proud to be associated with the bank. (NAN/vitalnews)

Tags: anchorborrowersCBNfarmer
Previous Post

NDIC pays N119.1billion to depositors, creditors, shareholders of failed banks in 2021

Next Post

Gunmen kill 12, injure 28 others in Plateau community

Vital News

Vital News

RelatedStories

Over 15,000 Herders Flee Nigeria As Insecurity Threatens Livelihoods – Miyetti Allah
Agriculture/ Water/ Mineral

Over 15,000 Herders Flee Nigeria As Insecurity Threatens Livelihoods – Miyetti Allah

August 14, 2025
Kogi RAAMP: Gov. Ododo To Flag Off 12.5km Unosi–Odonto–Ogigiri Rural Road In Ajaokuta
Agriculture/ Water/ Mineral

Kogi RAAMP: Gov. Ododo To Flag Off 12.5km Unosi–Odonto–Ogigiri Rural Road In Ajaokuta

August 10, 2025
AfDB Lauds Gov. Ododo Over Commitment To Agriculture, Food Security, Includes Kogi Among SAPZ Beneficiaries
Agriculture/ Water/ Mineral

AfDB Lauds Gov. Ododo Over Commitment To Agriculture, Food Security, Includes Kogi Among SAPZ Beneficiaries

August 6, 2025
Food Security : Minister Lauds Dangote Cement For Empowering 240 Farmers In Ogun
Agriculture/ Water/ Mineral

Food Security : Minister Lauds Dangote Cement For Empowering 240 Farmers In Ogun

July 26, 2025
Food Security : Dangote, Niger State Govt. Sign Agreement To boost Rice Production
Agriculture/ Water/ Mineral

Food Security : Dangote, Niger State Govt. Sign Agreement To boost Rice Production

July 25, 2025
Next Post

Gunmen kill 12, injure 28 others in Plateau community

Vote will count in Ekiti, Osun governorship elections - INEC assures Nigerians

Ubani calls for change in economic management to protect foreign reserve, Naira value

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

2023 Presidency: I will declare my intention to run after APC convention – Yahaya Bello

4 years ago
Ex – ICPC Chairman, Justice Ayoola Dies @90

Ex – ICPC Chairman, Justice Ayoola Dies @90

1 year ago
Legendary Yoruba Movie Actor, Charles Olumo ‘Agbako’ Dies At 101

Legendary Yoruba Movie Actor, Charles Olumo ‘Agbako’ Dies At 101

10 months ago
Kogi Guber : Tribunal Orders INEC To Allow, SDP, Ajaka Lawyers Access To BVAS, Other Election Materials

Supreme Court Fixes Jan. 12 To Deliver Judgments In Kano, Plateau Governorship Election Disputes

2 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu
No Result
View All Result

Highlights

FG Empowers Colleges Of Education To Offer NCE, Degree Programmes Without University Affiliation

EFCC Arrests Deputy Vice Chancellor, Bank MD, Two Catholic Sisters Over N1.2bln Loan Fraud

Presidency Confirms Appointment Of Rotimi Pedro As New DG Of NTA, Three Executive Directors

Nigeria’s Consul General In Cameroun, Taofiq Coker Is Dead

Explainer : How INEC Declares LP Candidate Serving Jail Term Winner Of Enugu Assembly Rerun Election

Ladoja To Be Installed 44th Olubadan Sept. 26

Trending

President Tinubu Jets Out On State Visit To Saint Lucia, Brazil
National

Don’t Stay Away From Home, President Tinubu Tell Nigerians In Japan, Says Nigeria On The Rise Again

by Vital News
August 21, 2025
0

President Bola Ahmed Tinubu has called on Nigerians in the Diaspora to contribute their expertise and resources...

Work Ongoing To Re-Erect Three Towers Along Kainji-Birnin Kebbi Transmission Line – TCN

Abia Secures $750mln World Bank Support For Renewable Energy

August 21, 2025
IGP Reiterates Ban On Public Parade Of Suspects

Woman Mistaken For Kidnapper Killed By Irate Mob In Ilorin

August 21, 2025
FG Empowers Colleges Of Education To Offer NCE, Degree Programmes Without University Affiliation

FG Empowers Colleges Of Education To Offer NCE, Degree Programmes Without University Affiliation

August 20, 2025
Court Berates EFFC Over Disregard For Rule Of Law, Orders Immediate Release Of Aisha Achimugu

EFCC Arrests Deputy Vice Chancellor, Bank MD, Two Catholic Sisters Over N1.2bln Loan Fraud

August 20, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Don’t Stay Away From Home, President Tinubu Tell Nigerians In Japan, Says Nigeria On The Rise Again August 21, 2025
  • Abia Secures $750mln World Bank Support For Renewable Energy August 21, 2025
  • Woman Mistaken For Kidnapper Killed By Irate Mob In Ilorin August 21, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In