Endangered CBN’s anchor borrowers’ programme | The Guardian Nigeria News - Nigeria and World News - News Summed Up

Endangered CBN’s anchor borrowers’ programme | The Guardian Nigeria News - Nigeria and World News


Yet, food shortages and hyper inflation on food products confronting the country are getting critical by the day. Thus, at harvest, the farmers supply their produce to agro-processors who pay cash equivalent to the farmers’ accounts. The bandits also warned the farmers never to return to their farms again, thus making famine a potential threat to the country. He also stated that the sustainability of the programme depends on the repayment of loans accessed by farmers. The ABP is a very progressive scheme that could make Nigeria to be self-sufficient in food production.


Source: The Guardian June 29, 2021 04:07 UTC



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