Author: Adewale Kupoluyi
Experts and stakeholders in the agriculture space have called for a total overhaul of the Central Bank of Nigeria’s (CBN) agriculture flagship programme, Anchor Borrowers’ Programme (ABP), even as the rate of default remains a subject of disagreement. This comes as the apex bank and participating financial institutions (PFIs) may have lost about half of N1.09 trillion said to have been disbursed to farmers through the scheme.The International Monetary Fund (IMF) had revealed that only 24 per cent of the amount disbursed had been repaid. But the CBN pushed back, saying about 52.4 per cent or N503 billion had been…
