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Top 10 Beneficiaries Of CBN’s N1.1 Trillion Anchor Borrowers Program - Politics - Nairaland

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Top 10 Beneficiaries Of CBN’s N1.1 Trillion Anchor Borrowers Program by FreeStuffsNG: 5:21pm On Mar 22
The Anchor Borrowers Program (ABP) of the CBN was established in November 2015 with the objective of creating economic linkages between Small Holder Farmers (SHF) and Anchors.

Overall, the program benefitted about 4.67 million farmers involved in either maize, rice or wheat farming.

Also, about N1.12 trillion was disbursed to 563 anchors with about N670.4 billion repaid and an outstanding payment of N450.90 billion. The program has been discontinued and the apex bank currently trying to recover funds.

The top ten beneficiary anchors of the program by amount disbursed are;

10. COPMAN
About N15.56 billion was disbursed to this anchor through the NISRAL MFB. It has successfully repaid N11.21 billion of the principal loan and has an outstanding balance of N4.24 billion.

Around 85,703 farmers were reached through this anchor with about 85,703 hectares of land approved for the program.


9. KEBBI STATE GOVT
The Kebbi state government received N17.78 billion under the program which it disbursed to about 91,323 farmers who cultivated about 90,772 hectares of land. The state has successfully repaid N9.62 billion and has an outstanding payment of N8.16 billion.

8. MAGPAMAN
This anchor received N20.07 billion which it disbursed to 105,031 farmers with 105,033 hectares of land approved for cultivation. It has repaid N12.73 billion with about N7.34 billion remaining.

7. NECAS

NECAS distributed N29.36 billion to 107,205 farmers who cultivated about 202,175 hectares of land. It has repaid N12.27 billion and has an outstanding balance of N17.08 billion.

6. WFAN
This anchor disbursed N30.31 billion received from the CBN to 100,240 farmers who cultivated 100,240 hectares of land. It has only repaid N5.95 billion of the principal sum and still owes N24.36 billion.

5. NACOTAN
N57.87 billion was disbursed to NACOTAN by the CBN. The anchor distributed the funds to 354,941 farmers who cultivated 370,617 hectares of land. However, the anchor has only been able to pay back N39.15 billion of the funds and currently owes N18.71 billion.

4. THRIVE AGRIC
This anchor disbursed N92.07 billion it received from the CBN to 305,000 farmers who cultivated 501,000 hectares of land. It has repaid N64.54 billion and has an outstanding payment of N27.53 billion.

3. MAAN
The third highest beneficiary of CBN Anchor Borrowers Program was MAAN who received N92.43 and disbursed the funds to 477,638 farmers who cultivated 606,870 hectares of land. MAAN has repaid N65.37 billion of the funds received and currently has owes N27.06 billion in outstanding payment.

2. AFEX COMMODITIES
This anchor received N169.27 billion from the CBN which it disbursed to 483,476 farmers cultivating 865,258 hectares of land. It has N66.17 billion in outstanding payment having repaid N103.10 billion.

1. RIFAN
The Rice Farmers Association of Nigeria (RIFAN) received the most funds under the Anchor Borrowers Program (ABP) at N283.01 billion. It also reached the most farmers (1,518,603 farmers) who cultivated the most lands at about 1,403,990 hectares of land.

It has repaid N137.24 billion of the principal amount and has N145.77 billion in outstanding payment.

https://nairametrics.com/2024/03/22/top-10-beneficiaries-of-cbns-n1-1-trillion-anchor-borrowers-program/

70 Likes 1 Share

Re: Top 10 Beneficiaries Of CBN’s N1.1 Trillion Anchor Borrowers Program by FreeStuffsNG: 5:21pm On Mar 22
Overall, the program benefitted about 4.67 million farmers involved in either maize, rice or wheat farming.
Wow!! This is very significant!
Little wonder the subsidised grains were being smuggled outside Nigeria. FG should investigate these farmers too.
God bless Nigeria for ever! Check my signature for free stuffs!

106 Likes 3 Shares

Re: Top 10 Beneficiaries Of CBN’s N1.1 Trillion Anchor Borrowers Program by Putindbutt: 5:27pm On Mar 22
The former NISRAL DG must share a jail room with Emefiele. Where're the rice, wheat and maize?

88 Likes 10 Shares

Re: Top 10 Beneficiaries Of CBN’s N1.1 Trillion Anchor Borrowers Program by dalongjnr: 5:42pm On Mar 22
Very dubious intervention program.
The government will never recovery 100% of the funds.

48 Likes 2 Shares

Re: Top 10 Beneficiaries Of CBN’s N1.1 Trillion Anchor Borrowers Program by toscotech(m): 5:47pm On Mar 22
All this people are just playing us

14 Likes 2 Shares

Re: Top 10 Beneficiaries Of CBN’s N1.1 Trillion Anchor Borrowers Program by MANNABBQGRILLS: 5:47pm On Mar 22
GOD BLESS NIGERIA 🇳🇬

79 Likes 5 Shares

Re: Top 10 Beneficiaries Of CBN’s N1.1 Trillion Anchor Borrowers Program by oluwaseyi0: 5:47pm On Mar 22
dalongjnr:
Very dubious intervention program.
The government will never recovery 100% of the funds.

You didn't say 10 percent

Most Nigerian believe any loan from government is their own share of national cake

24 Likes 3 Shares

Re: Top 10 Beneficiaries Of CBN’s N1.1 Trillion Anchor Borrowers Program by MANNABBQGRILLS: 5:47pm On Mar 22
Putindbutt:
The former NISRAL DG must share a jail room with Emefiele. Where're the rice, wheat and maize?
Seconded.

93 Likes 5 Shares

Re: Top 10 Beneficiaries Of CBN’s N1.1 Trillion Anchor Borrowers Program by CTee1: 5:47pm On Mar 22
Be like I no understand English again... Someone please explain 😮
Re: Top 10 Beneficiaries Of CBN’s N1.1 Trillion Anchor Borrowers Program by slaawomirr: 5:47pm On Mar 22
Damnnn niggarrrr

Isoright
Re: Top 10 Beneficiaries Of CBN’s N1.1 Trillion Anchor Borrowers Program by crestedaguiyi: 5:48pm On Mar 22
More will move
Re: Top 10 Beneficiaries Of CBN’s N1.1 Trillion Anchor Borrowers Program by meum: 5:48pm On Mar 22
Where are the grains, leaves, tubers, etc they produced?

With this much money we are supposed to be sending grains to other countries because our forefathers that fed themselves didn’t have access to such funds yet they cultivated their lands & fed the nation with enough for export.

25 Likes 2 Shares

Re: Top 10 Beneficiaries Of CBN’s N1.1 Trillion Anchor Borrowers Program by omenka1: 5:48pm On Mar 22
The real farmers didn't get access to these funds

92 Likes 1 Share

Re: Top 10 Beneficiaries Of CBN’s N1.1 Trillion Anchor Borrowers Program by nautybride: 5:48pm On Mar 22
cool
We hope it isn't audio investment.
Nigeria will be great again!

1 Like

Re: Top 10 Beneficiaries Of CBN’s N1.1 Trillion Anchor Borrowers Program by Savedday2: 5:49pm On Mar 22
U don't mean it! And we no see food chop?

6 Likes

Re: Top 10 Beneficiaries Of CBN’s N1.1 Trillion Anchor Borrowers Program by Nyanabo(m): 5:50pm On Mar 22
Scamdemics. Audio repayment 🙃🙃

4 Likes

Re: Top 10 Beneficiaries Of CBN’s N1.1 Trillion Anchor Borrowers Program by jeeqaa7(m): 5:51pm On Mar 22
Na this money dem take buy buy estate for Abuja.
Any money not repaid by now... leave am,
Nothing again.



Naija go still better so?

4 Likes

Re: Top 10 Beneficiaries Of CBN’s N1.1 Trillion Anchor Borrowers Program by Paraman: 5:51pm On Mar 22
There's very little to show for his huge money that's spent on farming.

10 Likes 1 Share

Re: Top 10 Beneficiaries Of CBN’s N1.1 Trillion Anchor Borrowers Program by lextube: 5:51pm On Mar 22
Is it not the same farmers Bandits are killing and terrorizing?

3 Likes

Re: Top 10 Beneficiaries Of CBN’s N1.1 Trillion Anchor Borrowers Program by Tecnophone: 5:51pm On Mar 22
who can point 2 people who benefited from this dubious crime in their area?

10 Likes

Re: Top 10 Beneficiaries Of CBN’s N1.1 Trillion Anchor Borrowers Program by VeeVeeMyLuv(m): 5:51pm On Mar 22
Blackman grin grin grin
Hehehe

As usual

Oyinbo did plantation farms during slave era
Was largely successful as a result many inventions were made.

E reach turn of Nigerian black man, they turn the thing to a total fiasco

7 Likes 1 Share

Re: Top 10 Beneficiaries Of CBN’s N1.1 Trillion Anchor Borrowers Program by CodeTemplar: 5:52pm On Mar 22
We need more than group names and amounts. Demographic and geographical spread of the hectares will be a better stat detail.

COPMAN - Cotton Producers and Merchants Association of Nigeria.
MAGPAMAN - Maize Grower and Processor Association of Nigeria.
NECAS - North East Commodity Associations.
WFAN - Wheat Farmers Association of Nigeria (WFAN).

10 Likes 1 Share

Re: Top 10 Beneficiaries Of CBN’s N1.1 Trillion Anchor Borrowers Program by helinues: 5:52pm On Mar 22
Good

Na this same program by CBN Aisha Yesufu dey undermine on her Facebook page claiming what's the business of CBN giving loans to farmers

3 Likes

Re: Top 10 Beneficiaries Of CBN’s N1.1 Trillion Anchor Borrowers Program by Ebukamatth(m): 5:53pm On Mar 22
.
Re: Top 10 Beneficiaries Of CBN’s N1.1 Trillion Anchor Borrowers Program by Alvin212(m): 5:54pm On Mar 22
E-BOLA Tinubu Amoda is kriminal

E-BOLA Tinubu Amoda is a Criminal


Shameless son of a SLAVE

1 Like

Re: Top 10 Beneficiaries Of CBN’s N1.1 Trillion Anchor Borrowers Program by courage89(m): 5:55pm On Mar 22
What’s government plan to recover all these outstanding debts?
Re: Top 10 Beneficiaries Of CBN’s N1.1 Trillion Anchor Borrowers Program by Damalex4luv(m): 5:56pm On Mar 22
Most of them are not actually farming, they will collect the funds and go into building hotels and houses. They will just register a farming company to get access to the loan

15 Likes 3 Shares

Re: Top 10 Beneficiaries Of CBN’s N1.1 Trillion Anchor Borrowers Program by phemray(m): 5:57pm On Mar 22
We saw the disbursement and the hectares cultivated but no output records. It's expected that ABC farmers cultivated XYZ with the found and produced so and so tonnage of good produce. And the food disbursement as well. That's a close loop system. Now it has been taken outside the country for personal gains. When are we going to be patriotic and do things right?

12 Likes

Re: Top 10 Beneficiaries Of CBN’s N1.1 Trillion Anchor Borrowers Program by foxxydude: 5:59pm On Mar 22
Many non farmers took this loan to japa

6 Likes

Re: Top 10 Beneficiaries Of CBN’s N1.1 Trillion Anchor Borrowers Program by Igahbarr: 5:59pm On Mar 22
These are political farmers.

8 Likes

Re: Top 10 Beneficiaries Of CBN’s N1.1 Trillion Anchor Borrowers Program by Depriest2020: 5:59pm On Mar 22
Which farmers benefited?

1 Like

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