Six agricultural schemes gulped the sum of N299.16 billion loans from the Central Bank of Nigeria (CBN) in 2018, a report from the apex bank has revealed.
According to the CBN’s annual report for 2018, Commercial Agriculture Credit Scheme, Anchor Borrowers’ Programme and Paddy Aggregation Scheme top the list of the agricultural schemes.
The other schemes are the Agri-Business/Small and Medium Enterprises Investment Scheme, Non-Oil Export Stimulation Facility and the Export Development Facility and Micro, Small and Medium Enterprises Development Fund.
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Data obtained from the CBN 2018 annual report show that the Anchor Borrowers’ Programme received the biggest loans disbursement of N188.9 billion, followed by the Commercial Agriculture Credit Scheme (N79.71 billion).
Also, disbursement to other agriculture schemes are Agri-Business/Small and Medium Enterprises Investment Scheme (N33.94 billion), Paddy Aggregation Scheme (N30.4 billion), Non-Oil Export Stimulation Facility and the Export Development Facility (N25.4 billion), Micro, Small and Medium Enterprises Development Fund (N6.37 billion) and the Agricultural Credit Guarantee Scheme (N4.38 billion).
