CBN loans to farmers hit N1tn amid rising default rate

The total amount disbursed under the Anchor Borrowers Programme of the CBN rose to N1.01tn as of the end of April. Figures obtained from the CBN’s reports from members of its Monetary Policy Committee said, “Between January and February 2022, the bank disbursed N29.67bn under the Anchor Borrowers’ Programme for the procurement of inputs and…

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