How Anchor Borrowers’ Programme has aided Nigerian farmers

An Agro-entrepreneur, Amos Agbo, says the Federal Government’s Anchor Borrowers’ Programme (ABP) had succeeded in empowering medium and smallholder farmers in the country.

Agbo, who is the Managing Director of Farmnet, an Agriculture-based company in Lafia, said the ABP is achieving a lot in eliminating extreme hunger and poverty among medium and smallholder farmers across the country.

The Central Bank of Nigeria (CBN) in line with its developmental function established the ABP. The Programme was launched by President Muhammadu Buhari on Nov. 17, 2015.

Agbo said that food security could only be achieved, if the agricultural sector increased its production and productivity.

“The Anchor Borrower Programme initiative of the Federal Government under the administration of President Buhari has done well in empowering farmers.

“Furthermore, the programmes are in line with the Sustainable Development Goals (SDGs) in making efforts to eliminate extreme hunger and poverty, create wealth for farmers and jobs for the teeming youths.

“When you empower these category of farmers, who make up the largest percentage of the nation’s farming population, you create wealth, jobs and also eliminate extreme hunger, I think that is what the ABP is doing,’’ Agbo said.

The agro-entrepreneur said that 225 staff in his company were among the farmers that had benefited from the first phase of the programme in Nasarawa State.

He commended the CBN and the Nigerian Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) for creating window of opportunities for medium and smallholders farmers across the country.

Agbo enjoined farmers who were yet to take advantage of the window of opportunities provided by the CBN to do so in order to increase their production and productivity.

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