17 July 2017

Nigeria: CBN Kick-Starts Anchor Borrowers' Programme in FCT

The Central Bank of Nigeria (CBN) has kick-started the Federal Capital Territory (FCT) Anchor Borrowers' Programme (ABP) and the 2017 rice and soya beans wet season farming in Kuje Area Council of the FCT.

FCT Minister Muhammad M. Bello, who was represented at the event by Acting Secretary of Agriculture and Rural Development Secretariat, Aliyu Musa, said the programme is a way of harnessing the vast agricultural potential of the FCT.

He said the FCT Administration, in partnership with Federal Government, plans to implement the Fish Cage Aquaculture Project as part of the social investment programme of the present Administration.

Meanwhile, CBN Governor, Mr. Godwin Emefiele, who was represented by the Deputy Director in charge of the CBN Anchor Programme, Amina Umar, said, "the ABP has raised the status of the subsistence small-holder farmers to commercial contract growers with increase in agricultural productivity and farm income."

He charged producers to cease the opportunity of funding offered by the programme in order to boost the food value chain.


Govt Says Getting Positive Signals On Budget From National Assembly

The Federal Government yesterday said it has gotten assurance that the 2018 budget would be passed in a few weeks' time. Read more »

Copyright © 2017 Daily Trust. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 800 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.