CBN Anchor Borrowers Programme: Chikezie Cautions Farmers, Co-operative Societies

Nigeria (Blank NEWS Online) – 


Delta State Commissioner for Agriculture and Natural Resources, Hon. Austin Chikezie has advised farmers Co-operative Societies in the State against paying money to any individual or financial institutions for participating/registration in the “CBN Anchor Borrowers Programme.”

The Commissioner gave the advice during a meeting in his office with the Committee on “CBN Anchor Borrowers Programme (ABP)” that the CBN (ABP) is being executed by Central Bank of Nigeria in collaboration with Ministry of Agriculture and Natural Resources and the Participating Financial Institution (PFI) is Bank of Agriculture (BOA).

He stated that these three institutions will select Input Providers and Anchor Off-Takers, while assuring the Committee that the MoU will be signed next week.

The Agric Commissioner further advised all farmers/Co-operative Societies in the State that any information regarding the programme should be directed to the Office of the Commissioner, or his representative, Ministry of Agriculture and Natural Resources Asaba, the Central Bank of Nigeria Branch Manager or the Development Finance Office (DFO) Asaba or the Manager Bank of Agriculture, (BOA) Asaba, stressing that we are not liable to any other business hat is done outside these three institutions.

Hon. Chikezie emphasised that the ABP is not connected to DESOPADEC in concept and conduct, saying that any consumer commodity society that pays money into any accounts or caught selling forms will be sanctioned accordingly.

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E.I.C: Albert Eruorhe Ograka

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Blank NEWS Online founding Editor-in-Chief and Publisher, Albert Eruorhe Ograka, is a Graduate of Mass Communication. He also holds a Post Graduate Diploma (PGD) in Journalism from the International Institute of Journalism (IIJ).

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