Anchor Borrowers: Senate Faults CBN On Programme - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (F.BA)
October 17, 2019
The Senate has faulted the Central Bank of NigeriaCBN’s Anchor Borrowers Programme ABP, insisting that the apex bank was not inthe position to implement it.
The Chairman, Senate Committee on Agriculture andRural Development, Abdullahi Adamu argued that the Ministry of Agriculture has theprimary mandate to implement all national agricultural policies of the country.
The chairman who spoke at the 2019 NationalAgricultural Show and World Food Day celebration in Karu, Nasarawa State, saidthe Ministry of Agriculture should be allowed to take over the ABP scheme forit to properly reach the intended beneficiaries.
According to him, part of the reason the schemecannot be said to be completely successful is because it is not being operatedby the appropriate government agency.
He stressed the need to urgently revive thecountry’s agricultural research institutes, as they play vital role in appliedresearch to enhance production.