150 cassava farmers in Edo to benefit from CBN’s ABP


A total of 150 cassava farmers in Auchi, Estako West Local Government Area of Edo State are set to receive loan support under the Central Bank of Nigeria's (CBN) Anchors Borrowers Programme (ABP).


HRH Alhaji Aliru Momoh, Ikelebe III, Otaru of Auchi, has also donated 500 hectares of land to the cassava farmers for the success of the scheme.

Edo State Governor Godwin Obaseki who disclosed this at the signing of Memorandum of Understanding (MoU) between the farmers, CBN officials and other supporting institutions, said his administration has outlined many programmes to uplift the living condition of farmers in the state.

Governor Obaseki who was represented by Prince Joe Okojie, Special Adviser on Agriculture, assured the farmers that tractors would soon be made available to prepare the land for the farmers.

Obaseki noted that the decision to engage the farmers in clusters was to teach them new ways of farming in his quest seek alternative to oil.

He said the new ways is for the farmers to see farming as a business and make good profit.

According to him, “We have decided to teach people better ways of farming. If we are not self-sufficient in food production we are in trouble.

“We don’t want to send you to farms without giving you the necessary tools. We can’t send people to farms without access to funding, market and high yielding species.

“We will buy the farm products at the existing market prices. The loan is a single digit interest rate. How well you look after your farm will determine your profit.”

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