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CBN Declines Support for 100,000 Farmers in Adamawa

Vanguard Newspaper - September 16, 2016

Governor Muhammadu Jibrillah of Adamawa on Thursday said the Central Bank of Nigeria denied about 100,000 farmers in the state participation in the "Anchor Borrowers Programme" because they did not have bank verification numbers. Mr. Jibrillah, who disclosed this while launching the distribution of farm inputs to farmers participating in the anchor borrowers' initiative in Yola, described the development as "disturbing."
"I am worried and disturbed by how about 100,000 farmers captured in the national anchor borrowers initiative in the state were rejected by CBN due to lack of Bank Verification Number.
"There is need for the state ministry of agriculture and farmers associations to closely work together and sensitise the farmers to avoid this rejection in future," Mr. Jibrillah said.
He said the 28,000 farmers that were registered for the exercise were not enough for the state, and called for more effort to register more farmers.
The governor noted that money meant for Adamawa under the initiative was lying at the CBN, but assured that effort would be made to enable the farmers get it.
Speaking earlier, Waziri Ahmadu, the state Commissioner for Agriculture, said there are 120,000 registered farmers in the state.
Mr. Ahmadu said the ministry would ensure that those that were rejected were captured again.
In his remark, Venantius Jiddere, the state chairman of All Farmers Association of Nigeria thanked the federal government for the initiative.
Mr. Jiddere promised the cooperation of members of the association with the state government for successful implementation of the programme.


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