The Central Bank of Nigeria says it will support farmers of nine key commodities for the 2020 planting season with N432 billion loan.
The Director of Development Finance at the CBN, Mr Yusuf Yila, announced this on Thursday at a meeting organised by the apex bank for farmers under its Anchor Borrowers’ Programme in Abuja.
He listed the commodities to include rice, maize, poultry, cassava, tomatoes, fish, cotton, cocoa, and dairy.
According to Yila, the intervention is expected to produce over 8.3 million metric tonnes of the targeted commodities.
More details to follow…
