CBN to finance 1.6 million farmers this year

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The Central Bank of Nigeria is to provide agricultural funding for about 1.6 million farmers during the 2020 wet planting season.

It was learnt that the bank would support the farmers in the cultivation and production of 10 key agro-commodities.

The CBN outlined the commodities to include cotton, rice, oil palm, tomato, cassava, poultry, fish, maize, cocoa and livestock/dairy. The bank’s Director, Development Finance Department, Yila Yusuf, disclosed this on Tuesday in Abuja at the the inauguration of farm inputs distribution for cotton farmers for the 2020 planting season.

Yusuf said the financial support to the 1.6 million farmers would ensure food security for the country, particularly after the devastating effects of COVID-19 on the agricultural sector.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

 

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Not farmers people.. If you know some one your name will be on the list

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OK. Nice one.

M for farmers and B for renovation. Are we thinking at all

My uncle have lost over 80 pigs so far. That's over 5 million Naira worth of well fed pig's 😢 😢 😢

lizzyagro

“to” “to” abeg make government no yarn us anything again,if dem go do am make dem run am

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Let's hope its true sha

80% of the money na bribe

Another way to make money disappear

We have been hearing this always but we don’t see action on the ground

Sinzu 🤦💯

Next news on this will be we have disbursed 1billion Naira to farmers..Case closed

Very good

And at the end not what' we hear, we gonna see again

Mad is CBN What is 1.6 million in Naira, you better gtf

Make them start with me

Sham!!

Long aaaaaammenn

Audio finance

It doesn't make sense to finance them and herdsmen will destroy their farms, or are you all deaf, blind as well

Really , protocol for collecting

I follow back immediately trust me

The type of news we want to hear.

Everybody go turn farmer ni

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