Alhaji Shu’aibu Wakili, Chairman, Rice Farmers Association of Nigeria (RIFAN), Katsina State Chapter, has urged its members to repay the farm inputs loan they received under the Federal Government’s Anchor Borrowers’ Programme.
Wakili revealed this while supervising the distribution of fertilisers, sprayers, insecticides, herbicides, seedlings and water pumping machines to rice farmers in Katsina.
The Central Bank of Nigeria (CBN) Anchor Borrowers’ Programme was launched by President Muhammadu Buhari on November 17, 2015.
It is intended to create a linkage between anchor companies involved in the processing and small holder farmers of the required key agricultural commodities.
Katsina Post reports that no fewer than 19,000 farmers in 36 local government areas of Katsina State has so secured the ABP loans in 2020 farming season
Wakili reminded the beneficiaries that the loan repayment period was one year, as stipulated in the preconditions for ABP loans, saying that they should repay the loans on time to enable others to benefit from the revolving loan scheme.
“It is not a grant; it is a revolving loan. We should do things that our children will benefit from in years to come.
“Any loan given must be paid. Individuals signed indemnity with RIFAN, as well as for others and accessed the loan. So, it must be paid “
“The year 2020 is a year of hard work. And we must achieve our aim in the year.
He said that the beneficiary farmers were expected to repay the ABP loans through their respective local government RIFAN chairmen, adding that adequate measures had been put in place to ensure compliance.
“The earlier the loan is repaid, the better for the beneficiaries and the Anchor Borrowers Scheme, as the loan is expected to revolve to others,’’ he said.
The RIFAN chairman lauded the Federal Government for introducing ABP, saying that the scheme had produced many millionaires and created thousands of jobs for the citizens.
He particularly noted that the scheme had reduced poverty and unemployment by about 65 per cent in Katsina State.
He commended the Federal Government and Katsina State Government for the attention given to the agricultural sector, describing it as unprecedented and saying that the farmers had never had it so good.