Buhari says agric initiative successful

President Muhammadu Buhari on Saturday said his government has financed 2.5 million small-holder farmers under the Anchors Borrower Programme (ABP) launched in 2015.

Mr Buhari said this during a broadcast to commemorate this year’s Democracy Day.

“This initiative supported local production of rice, maize, cotton and cassava. Government financed 2.5 million small-holder farmers cultivating about 3.2 million hectares of farmland all over the country and created 10 million direct and indirect jobs,” he said.

The president’s claim, however, contradicts an earlier pronouncement made earlier by the Central Bank of Nigeria (CBN) governor, Godwin Emefiele, on the same subject.

Mr Emefiele, while unveiling the 2020 wet season harvest aggregation and flag-off of the 2021 wet season input distribution in Ekiti State, said over 3.1 million farmers have been financed under the scheme so far.

“A total of 3,107,890 farmers had been financed for the cultivation of 3,801,397 hectares across 21 commodities through 23 Participating Financial Institutions in the 36 States of the Federation and FCT, from the inception of the programme till date,” Mr Emefiele said.

Source: Premium Times