CBN’s Anchor Borrowers Programme creates 3.5m jobs in 2 years
Godwin Emefiele, CBN Governor The Anchor Borrowers Programme (ABP) of the Central Bank of Nigeria (CBN) has generated almost 3.5 million direct and indirect jobs through the disbursement of a cumulative sum of N55.526 billion in two years to over 250,000 small holder farmers who cultivated almost 300,000 hectares of farmland for rice, wheat, maize, cotton, soybeans, and cassava, among others. Godwin Emefiele, CBN Governor, who disclosed this at the weekend in Ondo State during the ground breaking ceremony of Greenfield Integrated Poultry Facility explained that the ABP which is targeted at boosting the agricultural potential of the country “has contributed to the creation of an estimated 890,000 direct and 2.6 million indirect jobs.” He added that more investment is still needed in the poultry sector for the country to meet demand for poultry products. “Some analysts have estimated the Nigerian poultry industry to be worth about N1.2 trillion, comprising about 165 million ...