Edo Farmers Get N2bn CBN Loan


Farmers in Edo State to benefit from the Central Bank of Nigeria, CBN’s 2 billion loan under the Anchour Borrower’s Programme.

The loan was one of the CBN’s policy initiatives to pursue the creation of jobs, reduction in food imports as well as the diversification of the Nation’s economy.
Governor Oshiomhole, who spoke during the flag off of the program, said private sector involvement is needed to create employment and wealth for people, especially those in the rural areas.
The governor, who noted that government alone cannot create jobs, said the primary purpose of government was not only limited to recruitment of civil servants, but also to create the environment to support the citizens to do businesses.

“The challenge of fighting rural poverty goes beyond just building those roads. Those roads are a means to an end; they are not an end in themselves.
“That end is having opened up various communities, how do we take advantage of the rural infrastructure to empower modern farmers, big and small, using modern methods to produce and have guaranteed buyers of the produce?” he said.
According to the governor, the CBN project is targeted at providing funding, guaranteed by the state government aimed at going back to the basics, have the benefit of a modern approach to farming that will yield a ready buyers who will take the products to process without exporting and adding value.
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