14 July 2017

Nigeria: CBN Approves N660 Million to Gombe Farmers

Gombe — The Central Bank of Nigeria (CBN) yesterday said it will disburse the sum of N660 million to farmers in Gomne state, under the Federal Government's Anchor Borrower scheme.

The Head of Development Finance Department of CBN, Gombe branch, Sani Muhammad Chobe, stated this on Thursday, at a two-day fair and workshop for stakeholders.

He said plans have been concluded to commence the disbursement of the grant to the first and second batch of the beneficiaries next week.

Sani Chobe said the scheme experienced delay in the state as a result of duplication of bank accounts details and Bank Verification Number (BVN) by the applicants, saying that over 3000 cases have been identified.

He added that the grant is specifically for the production of rice and tomato, and also announced that a grants for the third batch of beneficiaries in the state is being processed.

In a remark, Mr Fada Banon of the Consumer Protection Department, said from 2010 to date, the CBN has received a total of 9, 600 complaints from customers ranging from excess charges, fraud and ATM card related issues.

He said the apex bank has refunded N51 billion to the customers after reviewing the applications.

Earlier, Acting Gombe Branch Controller of the CBN, Hamza Jibrin, said the harmonised sensitization covers all the bank's initiatives as well as real sector interventions.

Represented at the event by Sani Muhammad Chobe, he pointed out that the CBN supports both government and stakeholders towards promoting strong economic development growth.

The two-day maiden fair was organised by the CBN, to showcase the bank's activities towards improving the economy across all sectors.

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