{"id":83585,"date":"2023-03-02T13:11:02","date_gmt":"2023-03-02T12:11:02","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/over-75-per-cent-of-cbn-anchor-borrowers-loans-unpaid-imf"},"modified":"2023-03-02T14:18:37","modified_gmt":"2023-03-02T13:18:37","slug":"over-75-per-cent-of-cbn-anchor-borrowers-loans-unpaid-imf","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/over-75-per-cent-of-cbn-anchor-borrowers-loans-unpaid-imf","title":{"rendered":"Over 75 per cent of CBN Anchor Borrowers\u2019 loans unpaid \u2013 IMF"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The International Monetary Fund, IMF, has disclosed that only 24 per cent of loans disbursed under the Anchor Borrowers\u2019 Programme of the Central Bank of Nigeria have been repaid.<\/p>\n<p>This was disclosed in the IMF\u2019s Selected Issues paper on Nigeria, published in January, prepared by a staff team of the fund as background documentation for regular consultation with the country.<\/p>\n<p>According to the IMF, the agricultural credit scheme in the country is yet to significantly boost production though there is the challenge of targeting the correct recipients for the credit.<\/p>\n<p>\u201cFor the Anchor Borrowing Programme, ABP repayment is also low at 24 per cent, especially since refund can be made in kind, thereby limiting the tenor of the loans to twelve months\u201d, the document read in part.<\/p>\n<p>\u201cPart of the problem is that the template for repayment could be more encouraging, and the recipient loans are not always well targeted. Also, occasionally the loan is used for other purchases and recurrent costs (e.g., new agricultural input trading companies to elicit trading rents),\u201d it added.<\/p>\n<p>Anchor Borrowers Programme, established in 2016, a scheme by Nigeria\u2019s apex bank, initially set aside N40 billion to support farmers by offering single-digit interest rate loans.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/nigeria\">Nigeria<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The International Monetary Fund, IMF, has disclosed that only 24 per cent of loans disbursed under the Anchor Borrowers\u2019 Programme of the Central Bank of Nigeria have been repaid. This was disclosed in the IMF\u2019s Selected Issues paper on Nigeria, published in January, prepared by a staff team of the fund as [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":83583,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,29,28],"tags":[1570,2140,503,566,254],"class_list":["post-83585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","tag-africa-press","tag-africa-press-nigeria-2","tag-cbn","tag-imf","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Over 75 per cent of CBN Anchor Borrowers\u2019 loans unpaid \u2013 IMF - Nigeria<\/title>\n<meta name=\"description\" content=\"The International Monetary Fund, IMF, has disclosed that only 24 per cent of loans disbursed under the Anchor Borrowers\u2019 ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/over-75-per-cent-of-cbn-anchor-borrowers-loans-unpaid-imf\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Over 75 per cent of CBN Anchor Borrowers\u2019 loans unpaid \u2013 IMF\" \/>\n<meta property=\"og:description\" content=\"The International Monetary Fund, IMF, has disclosed that only 24 per cent of loans disbursed under the Anchor Borrowers\u2019 ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/over-75-per-cent-of-cbn-anchor-borrowers-loans-unpaid-imf\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-02T12:11:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-02T13:18:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/03\/postQueueImg_1677750070.70.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/over-75-per-cent-of-cbn-anchor-borrowers-loans-unpaid-imf#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/over-75-per-cent-of-cbn-anchor-borrowers-loans-unpaid-imf\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Over 75 per cent of CBN Anchor Borrowers\u2019 loans unpaid \u2013 IMF\",\"datePublished\":\"2023-03-02T12:11:02+00:00\",\"dateModified\":\"2023-03-02T13:18:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/over-75-per-cent-of-cbn-anchor-borrowers-loans-unpaid-imf\"},\"wordCount\":222,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/over-75-per-cent-of-cbn-anchor-borrowers-loans-unpaid-imf#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/03\/postQueueImg_1677750070.70.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"CBN\",\"IMF\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/over-75-per-cent-of-cbn-anchor-borrowers-loans-unpaid-imf#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/over-75-per-cent-of-cbn-anchor-borrowers-loans-unpaid-imf\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/over-75-per-cent-of-cbn-anchor-borrowers-loans-unpaid-imf\",\"name\":\"Over 75 per cent of CBN Anchor Borrowers\u2019 loans unpaid \u2013 IMF - 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