Anchor Borrowers: 12, 000 farmers meet bank’s requirements in Niger  

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The Rice Farmers Association of Nigeria (RIFAN), Niger chapter,said that the Central Bank of Nigeria (CBN) has approved the participation of 12, 000 members in the 2019 Anchor Borrowers Programme (ABP).

Mr. Idris Abini, chairman RIFAN in the statewho made the statement  said that out of 24, 000 members that applied for the programme 12, 000 met the requirements.

He explained that some of the requirements included a genuine bank account, existing farm, being a genuine rice farmer and being a member of RIFAN.

The RIFAN Chairman said that the farmers were supported with farm implements such as water pumps, sprayers and tractors.

He also said that the farmers also got inputs such as improved rice seeds, herbicides, pesticides and fertilisers.

Abini said the farmers suffered huge losses in 2018 as a result of flooding that submerged their farms.

He expressed optimism of increased yield this year due to the torrential rains.