CENTRAL Bank of Nigeria
CBN, has approved N660
million as loans for 3,479
farmers in Gombe under
its Anchor Borrowers
Malam Sani Chobe, Head
of Development Finance,
Gombe State office of CBN,
disclosed this in Gombe on
Thursday at a sensitisation
workshop organised to
enlighten the public on the
activities of the bank.
He said that the amount
approved was for the first
and second batches of rainy
season farmers who applied
for the funding.
According to him, the
money will be disbursed via
the Bank of Agriculture BOA,
as from next week.
He said that the
disbursement of the funds,
which ought to have started
earlier, was delayed due to
multiple registrations by
some farmers.
He said that the compilation
of the third batch of
beneficiary farmers, who
were dry season farmers, was
almost completed.
In his speech, Mr Isaac
Okarafor, the Acting
Director of Corporate
Communications, CBN,
urged the public to patronise
and consume made-in-
Nigeria products.
He noted that vast arable
lands existed in Northern
Nigeria, adding, however,
that the lands had yet to be
fully utilised.
“This is the right time for
us to make use of what we
have, following the Federal
Government’s plan to
diversify our economy,’’ said.
Alhaji Manu Swa, the
Gombe State Commissioner
Gombe State Ministry for
Cooperatives and Poverty
Alleviation, who declared the
workshop open, commended
the CBN for the workshop,
saying that it was timely.
“The workshop will make
people to know more about
the bank’s activities,” he said.
News Agency of Nigeria
(NAN) reports that more
than 200 cooperative and
farming groups attended the