250,000 Borno farmers get CBN loan

OVER 250,000 farmers are to benefit from the Central Bank of Nigeria rainy season intervention in troubled Borno State.

The CBN Head, Development Finance, Maiduguri office, Mahmood Nyako, disclosed this while launching farm inputs’ distribution for cotton farmers in northern part of the state.

Nyako said the Anchor Borrowers programme of the bank would support farmers under 10 selected commodities to ensure food sufficiency towards post-COVID-19.

He said with the relative peace in the state, more intervention would be provided for farmers.

Nyako said, “We expect our teeming unemployed youths to embrace this programme and get at least one hectare; we give from one to five hectares under the Anchor Borrowers. If they embrace farming, unemployment will dramatically reduce. “

Items presented include improved seedlings, fertilizers and pesticides.