How CBN Intervention Is Averting Food Crisis —Farmers, Agric Stakeholders

SMALLHOLDER farmers as well as other stakeholders in the Nigerian agriculture sector have hailed series of intervention schemes by the Central Bank of Nigeria (CBN), to support farmers, saying such interventions have been responsible for the food security being currently enjoyed in the country.

They said if such financial support valued at N798.09 billion to 3.9 million smallholder farmers had not been made available, food crisis and inflation would have become worse as supply became low and prices rose in the last few months.

Through various schemes, the farmers have cultivated 4.9 million hectares of land across the country under its Anchor Borrowers’ Programme (ABP) of the apex bank.

A smallholder and beneficiary of the recent CBN financial support from Oyo State, Mr Akinbowale Makanjuola, commended the CBN under the leadership its governor, Mr. Godwin Emefiele, for the efforts towards reviving agriculture and enhancing economic growth.

Read more from the source- TRIBUNE