The Federal Government has disbursed 300 billion naira to farmers while 1.6 million poor and vulnerable households are presently benefiting from the Conditional Cash Transfer programme.
President Muhammadu Buhari announced this while virtually declaring open the 14th Annual Banking and Finance Conference of Chartered Institute of Bankers of Nigeria in Abuja.
He noted that some of the initiatives embarked upon to boost agricultural trade in the country include the Anchor Borrowers Programme.
Buhari also explained that the Central Bank of Nigeria, CBN had made more than 300 billion naira available to over 3.1 million smallholder farmers of 21 different commodities.
The President said the commodities included Rice, Wheat, Maize, Cotton, Cassava, Poultry, Soybeans, Groundnut, Fish, cultivating over 3.8 million hectares of farmland.
He however, added that the National Social Register of poor and vulnerable Nigerians had 32.6 million persons from seven million poor and vulnerable households identified, imploring bankers to play a stronger role in improving livelihoods.
