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Sunday, December 4, 2022

CBN REAFFIRMS CREDIT FACILITIES FOR YOUTH

The CBN Gov has reaffirms his support for youth who wants to go into agriculture and have put in place several measures to improve access to credit under the Anchor Borrowers Programme and the Agri-Business Small and Medium Enterprises Investment Scheme (AGSMEIS)

Emefiele made the declaration in Katsina, during the unveiling of the first maize pyramid and kick-off of the maize wet season farming under the CBN-Maize Association of Nigeria (MAAN) Anchor Borrowers’ Programme.

Emefiele said maize is one of the priority crops under the ABP. This is due to the crucial role maize plays, as a major staple food item as well as its role as a significant feedstock for the poultry industry in Nigeria. He also said the maize pyramid has spurred the CBN to do more.

Impact of our monetary policies will be limited, if we do not address some of the structural constraints that limit productivity in key sectors of our economy such as agriculture – Emefiele

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