ABS :CBN grants N55bn to farmers in 31 states

The Central Bank of Nigeria (CBN)  has disclosed that N55 billion was granted to farmers in 31 states under its Anchor Borrower Scheme (ABS).

The acting director,  corporate communications department,  CBN, Mr.  Isaac Okorafor, at the seminar for finance correspondents and Business  editors in Uyo on Monday, said the scheme has produced 2.5 million tonnes of rice in 2 years.

According  to him,  the scheme  by next year is targeting six million tonnes by next year,  in a move to make Nigeria expoters of rice.


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