March 1, 2018

Auchi monarch lauds FG on CBN’s borrowers scheme

Emefiele CBN Governor

By Simon Ebegbulem

BENIN—THE Otaru of Auchi, His Royal Highness Alhaji Aliru Momoh, has commended the Federal Government over the Central Bank of Nigeria´s (CBN) Anchor Borrowers Scheme in which a total of 150 cassava farmers in Auchi, Estako West Local Government Area, benefited.

Emefiele CBN Governor

His Highness, who donated 500 hectares of land to the cassava farmers in support of the scheme, said  the scheme would help create jobs for the thousands of Libya returnees in the state.

Addressing the farmers at the signing of a Memorandum of Understanding between the farmers, CBN officials and other supporting institutions, Special Adviser to the state governor on Agriculture, Prince Joe Okojie, expressed the resolve of the state government to uplift the living standard of the people of the state.

He said the idea was for farmers to see farming as a business and make good profit.

According to him, “We have decided to teach people better ways of farming. If we are not self-sufficient in food production we are in trouble. We don’t want to send you to farms without giving you the necessary tools. We can’t send people to farms without access to funding, market and high yielding species. We will buy the farm produce at the existing market prices. The loan has a single digit interest rate.”