CBN disbursed N629 billion to farmers under Anchor Borrowers Programme in 2022
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Nigeria, Aug. 15 -- The Central Bank of Nigeria (CBN) says its lending through the Anchor Borrowers Programme (ABP) stood at N629 billion in 2022.
The apex bank made this disclosure in its newly released 2022 financial report published last week. According to the report, the 2022 figure is less than the N949.2 billion earmarked for the initiative in 2021.
However, the CBN report did not provide further details on the pattern of lending and farmers' compliance with the loan repayments under the ABP initiative within the year under review.
According to the report, the bank spent approximately N160.1 billion under its Agricultural Credit Scheme as against N201.9 billion in 2021. The sum of N9.6 billion was also spent on Accelerated Agricu...
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