The Central Bank of Nigeria has denied about 100,000 farmers in Adamawa state participation in the “Anchor Borrowers Programme’’ because they did not have bank verification numbers.
Governor Muhammadu Jibrillah of Adamawa on Thursday disclosed this while launching the distribution of farm inputs to farmers participating in the anchor borrowers’ initiative in Yola.
He described the development as “disturbing.”
“I am worried and disturbed by how about 100,000 farmers captured in the national anchor borrowers initiative in the state were rejected by CBN due to lack of Bank Verification Number.
“There is need for the state ministry of agriculture and farmers associations to closely work together and sensitise the farmers to avoid this rejection in future,” Mr. Jibrillah said.
The governor noted that money meant for Adamawa under the initiative was lying at the CBN, but assured that effort would be made to enable the farmers get it.
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