CBN To Give 120,000 Maize Farmers Loan Under The CBN’s Anchor Borrowers Programme

Please check your E-mail inbox or spam to confirm.

The Central Bank of Nigeria has planned to give 120,000 maize farmers a loan for this year’s maize farming season, this loan will be carried out through Unity Bank.


This CBN funding was part of the federal government promise to farmers and according to federal government stats, it shows that since 2019 over 37000 has received this fund and likewise in 2020, over 70,000 farmers have also benefited.

On Friday in Lagos Mrs Tomi Somefun Unity Bank CEO stated that “With agriculture contributing over 26% to Nigeria’s GDP and employing about 50% of Nigeria’s working population in the rural areas, the bank will continue to make strategic investments into the sector.

Investments are in line with the Federal Government’s quest to attain food sufficiency, diversify the economy away from oil, create jobs for the youth and reduce poverty,” she said.

HEY THERE: Are you looking for a WhatsApp TV where you can find great memes, funny videos, and trending gists, even with several opportunities with cash prizes? Then look no further. LOP TV is here to bring to you this top-rated content. JOIN LOP TV now

READ ALSO: Apply for Bank of Industry Limited (BOI) Loan 2021

Mrs Somefun also stated that the bank is fully committed to its partnership with the Maize Association of Nigeria (MAAN) and this commitment will ensure the attainment of the FGN/CBN target of meeting self-sufficiency in maize production through the association.

What you should know about Anchor Borrowers’ Programme (ABP)

The Central Bank of Nigeria (CBN) revealed that 3.8 million farmers have so far benefited from its Anchor Borrowers’ Programme (ABP) since 2015, adding that N554.61 billion has so far been disbursed to the beneficiaries through the programme since its inception.

In March, President Muhammadu Buhari approved the sum of N600 billion to take advantage of this year’s rainy season and enhance food production, as Nigeria is expected to produce 60% of the country’s wheat demand under the CBN’s anchor borrowers programme.

AD PACKAGES: Push your business to the face of over 8,000 people from as little as #1,000.

LOP Valentine Promo

DISCLAIMER: Do not pay or release sensitive financial details to any organizer/recruiter unless futher verified from your end.
Easter Hunt Sale
Easter Sale
Sam Rantimi

About the Author: Sam Oluwarantimi

Interpersonal Communication Specialist & Graduate (Biology), Obafemi Awolowo University. Join me on Twitter.

Got a question/Suggestion? Let's talk!


🕛 Apr 02, 2023
The Mysterious Case Writing Contest 2023
in General Competitions | for Writers & Poets

🕛 Apr 03, 2023
Coe College 2023-2024 Global Leadership Full-Tuition Scholarships for International Students
in Scholarships | for Undergraduates

🕛 Apr 03, 2023
Goethe-Institut Talents Scholarship for Developing Countries 2023
in Scholarships | for Creatives/Artists

🕛 Apr 03, 2023
Leventis Foundation 2023-2024 Masters/MBA Scholarships For Nigerian Students
in Masters Programs | for Nigerians

🕛 Apr 03, 2023
University of Glasgow 2023 ASBS Global Challenges Scholarship for African Students
in Masters Programs | for Africans

🕛 Apr 03, 2023
World Bank 2023 Robert S. McNamara (RSM) Fellowships Program for Developing Countries
in Fellowships | for Professionals

🕛 Apr 04, 2023
2023 MTN Media Innovation Programme for Media Practitioners
in Professional Programs | for Professionals

🕛 Apr 05, 2023
Brickstone Graduate Internship Programme 2023
in Internships / Graduate Trainee Progs. | for Graduates

🕛 Apr 05, 2023
Procter & Gamble Learnership – Multiple Function Internship Program 2023
in Internships / Graduate Trainee Progs. | for Graduates

🕛 Mar 30, 2023 - Apr 06, 2023
Indonesian Government KNB Scholarships 2023/2024
in Masters Programs | for Post Graduates

1 2 3 4 5 6 7 8 9 10 11 12