MAXIMIZING THE ANCHOR RICE BORROWERS' PROGRAMME

MAXIMIZING THE ANCHOR RICE BORROWERS' PROGRAMME

The Special Adviser to the CBN Governor on Development Finance, Mr Paul Nduka Eluhaiwe led a  CBN Team on a visit to the management of the Bank Of Agriculture (BOA), led by the MD/CEO Prof. Danbala Danju, to evaluate the progress made on the Kebbi Rice Anchor Borrowers Programme under which the BOA has disbursed about N14billion credit to about 70,000 farmers in Kebbi State.


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Key Facts
Loan Rate
  • . Microcredit Agric & collaborations
  • . SME (Production & Working Capital)
  • . Marketing, On-lending to MFBs & Microcredit (Non-Agric)
Loan Condition
  • 20% Lien Deposits
  • 6 months Minimum Customer's Account Relationship
Deposit
  • . Interest Rate
  • Negotiable Fixed Deposit

Branch Location