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CBN Rejects 100,000 Adamawa Farmers Over BVN

anchor-borrowers-programme

By Ebitonye Akpodigha

No fewer than 100,000 farmers in Adamawa State have been rejected for the Anchor Borrowers Programme of the Central Bank of Nigeria (CBN) due to inappropriate registration.

This has made Governor of the state, Mr Muhammadu Jibrillah, unhappy and has promised to do all possible within his reach to avoid such in the future.

“I am worried and disturbed on how about 100,000 farmers captured in the national anchor borrowers initiative in the state were rejected by CBN due to lack of Bank Verification Number.

“There is need for the state ministry of agriculture and farmers associations to closely work together and sensitise the farmers to avoid this rejection in future,” the Governor said on Thursday while launching the distribution of farm inputs to farmers participating in the programme in Yola.

He said that the only 28,000 farmers that were successfully approved were not enough for the state, adding that more effort should be made to register more farmers.

Mr Jibrillah noted that money meant for Adamawa under the initiative was lying at the CBN, but assured that effort would be made to enable the farmers get it.

Speaking earlier, Mr Waziri Ahmadu, the state Commissioner for Agriculture said that out of 120,000 registered farmers only about 28,000 were approved and registered for the initiative

Mr Ahmadu said that the ministry would strategise to ensure that those that were rejected were captured again.

In his remark, Mr Venantius Jiddere, the Adamawa State Chairman of All Farmers Association of Nigeria (AFAN) thanked Federal Government for the initiative.

Mr Jiddere promised the support and cooperation of members of the association to the state government for successful implementation of the programme.

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Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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