Godwin Emefiele, governor of the
Central Bank of Nigeria, says the bank’s Anchor Borrowers’ Programme (ABP) has
created 2.5 million jobs across the country.
ABP is an agricultural programme
which was launched by President Muhammadu Buhari on November 17, 2015, and
“intended to create a linkage between anchor companies involved in the
processing and smallholder farmers (SHFs) of the required key agricultural commodities”.
He said the programme has been
effective in correcting Nigeria’s imbalances, and suspending the bank’s policy
suite will spell doom for Nigeria.
“The CBN recently introduced the
Real Sector Support fund; a facility meant to provide cheap funding at no more
than 9 percent to new projects in the Agric and Manufacturing sectors; aimed at
boosting output and creating jobs,” Emefiele said this at the Annual Bankers
dinner at the weekend.
“In the agriculture sector, the
Anchor Borrower Programme (ABP) has ensured that Nigeria emerged from being a
net importer of rice to becoming a major producer of rice, supplying key
markets in neighboring countries.
“As at October 2018, a total
number of 862,069 farmers cultivating about 835,239 hectares, across 16
different commodities, have so far benefited from the Anchor Borrowers
programme, which has generated 2,502,675 jobs across the country.”
Emefiele assured that the ABP
will be used for the production of other farm produce within the country,
including palm oil and fisheries.
“It is in light of the success of
the Anchor Borrowers Program with regards to cultivation of rice and maize that
the Monetary Policy Committee in its last meeting on the 21st of November 2018
recommended that the Anchor Borrowers program be applied to other areas such as
palm oil, tomatoes, and fisheries to mention a few,” Emefiele added.
“Our efforts at supporting
small-scale farmers and SMEs is based on our awareness of the critical role
they can play in supporting our economic recovery and growth, as well as in
creating job opportunities for millions of Nigerians.”
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Bloody liars,how can you guys be this convenient with lies,pls show us good evidence,people still loses their jobs daily sir
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