CBN Approves N660 Million For Gombe Farmers

Nigeria’s Central Bank has approved the sum of N660 million for 3,479 farmers in Gombe State under the Federal Government’s Anchor Borrower scheme to boost rice farming.

Head, Development Finance of the CBN in Gombe, Sani Muhammad Chobe, disclosed this, on Thursday, during a two-day sensitisation workshop for stakeholders.

Chobe said plans have been concluded to commence the disbursement of the grant to the beneficiaries next week meant for the first and second batch of beneficiaries.

He explained that the delay experienced in the process of arriving at the number of beneficiaries was as a result of the issue of duplication of bank accounts and Bank Verification Number (BVN) by the applicants with over 3000 cases identified.

Chobe added further that change in the leadership of the Bank of Agriculture also contributed to the delay in disbursement off the grant to beneficiaries.

While noting that the grant is specifically for the production of rice and tomato, Chobe announced that grants for a third batch of beneficiaries in the state are being processed.

He however said female farmers would benefit 60 percent of the grant while the remaining 40 percent would go to male farmers.

Leave a Reply

Your email address will not be published.