CBN approves N660m for Gombe Anchor Borrowers Scheme


The Central Bank of Nigeria (CBN) has approved N660 million loans for 3,479 farmers in Gombe under its Anchor Borrowers Programme.

Malam Sani Chobe, Head of Development Finance, Gombe State office of CBN said on Thursday at a sensitisation workshop attended by over 200 farmers in the state.

He said that the amount approved was for the first and second batches of rainy season farmers who applied for the funding.

According to him, the money will be disbursed via the Bank of Agriculture (BOA) as from next week noting that the disbursement was delayed by multiple registrations by some farmers.

He said that the compilation of the third batch of beneficiary farmers, who were dry season farmers, was almost completed.

Mr Isaac Okarafor, the Acting Director of Corporate Communications, CBN, urged the public to patronise and consume made-in-Nigeria products.
He noted that vast arable lands existed in Northern Nigeria, adding, however, that the lands had yet to be fully utilised.
“This is the right time for us to make use of what we have, following the Federal Government’s plan to diversify our economy,’’ said.
Alhaji Manu Swa, the Gombe State Commissioner Gombe State Ministry for Cooperatives and Poverty Alleviation, who declared the workshop open, commended the CBN for the workshop, saying that it was timely.
“The workshop will make people to know more about the bank’s activities,” he said.