CBN’s Tech Strategy For ‘Anchor Borrowers’, Cleaner Notes

As part of efforts to improve the operational efficiency of the Anchor Borrower’s Programme (ABP), the Central Bank of Nigeria (CBN) has introduced technology to guide input distribution of farmers under it Anchor Borrowers Programme.

The pilot phase, flagged off at the Federal Capital Territory (FCT), last week, was meant to build a national data base for small holder farmers, enhance efficiency of input distribution and eliminate ghost farmers.

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, while speaking at the flag off ceremony for this year’s farming season, said the biometric information of the farmers had been taken, their farms mapped and biometric cards produced for each farmer, which would identify them while collecting the inputs from the service providers.

His Special Adviser on Agriculture, Olatunde Akande, who represented him at the event re-emphasized that service providers had already mapped all the farmlands to be used for this season in order to avoid false claims by the participating farmers.

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