Africa Press-Nigeria:
The Central Bank of Nigeria (CBN) has threatened to blacklist farmers involved in diversion of farm inputs or selling their produces in Anambra state.
The Head, Development Finance Office, CBN, Awka branch, Mrs Bridget Okparaeze, gave the warning in Onitsha at the inauguration of inputs distribution by the Central Bank of Nigeria (CBN) Anchor Borrowers’ Programme (ABP).
She advised farmers engaging in such practices to desist forthwith or be outrightly banned from further participating in any CBN intervention programmes.
She pledged Federal Government continuous support to farmers with relevant farm inputs to ensure food security, explaining that the programme was not a grant but a loan facility in form of farm inputs and cash component.
According to her: “Farmers that divert their farm inputs or side sell their produces would be blacklisted out rightly, and banned from further participating in any CBN intervention programme.
“All our intervention previously at 9percent interest rate are now given at 5percent for this year because of COVID-19.
“Therefore, all farmers participating in this programme are expected to repay the loan granted to them with their produce.”
