The Central Bank of Nigeria (CBN) in line with its developmental function established the Anchor Borrowers' Programme (ABP).
The Programme which was launched by President Muhammadu Buhari (GCFR) on November 17, 2015 is intended to create a linkage between anchor companies involved in the processing and small holder farmers (SHFs) of the required key agricultural commodities.
The programme thrust of the ABP is provision of farm inputs in kind and cash (for farm labour) to small holder farmers to boost production of these commodities, stabilize inputs supply to agro processors and address the country's negative balance of payments on food.
At harvest, the SHF supplieshis/her produce to the Agro-processor (Anchor) who pays the cash equivalent to the farmer's account.
Rev. Fr. Aguigwo takes over the Chairmanship of Umuchinemere Pro-Credit Micro Finance Bank Enugu
The Enugu-based Umuchinemere Pro-credit Micro Finance Bank, which was established by the Catholic Diocese of ...
Umuchinemere Pro-credit Micro Finance Bank throws behind Federal Government's food sufficiency programme, gives ₦50m to 209 small scale farmers in Enugu State to boost agriculture, calls for special court/legislation against loan default