Anchor Borrowers: Institute Says Nigeria Can Feed Other African Countries Through Scheme - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (F.BA)
December 13, 2019
The President, Chartered Institute of Export and Commodity Brokers of Nigeria, Ayobami Omotoso, says that Nigeria will feed its citizens and other African countries with the Anchor Borrowers’ Programme, ABP of the Federal Government.
Omotoso made the assertion during the 2019 AwardPresentation Ceremony held at the Institute’s Secretariat in Lagos.
According to him, the Federal Government is readilyavailable to assist farmers through the Anchor Borrowers’ Programme and otherwindows, through which money was released by Nigeria Incentive-BasedRisk-Sharing System for Agricultural Lending, NIRSAL.
According to him, NIRSAL is an organ of the Central Bank ofNigeria CBN, which renders financial assistance to farmers, small and mediumenterprises.
Omotoso urged members to be ready to serve to improve thestandard of the institute. He appealed to stakeholders for support to enablethe institute pay the two-point-five million naira loan used in renting anotherbefitting secretariat, saying that the Institute also needed one million naira,in order to furnish the secretariat.