CBN Anchor-Borrower is a loan scheme, not a free package – AFAN - The Nation Newspaper

Alhaji Nuhu Aminu, the Chairman of AFAN, gave the warning in an interview with the News Agency of Nigeria on Tuesday in Zaria, Kaduna State.

“I want to use this medium to call on Nigerian farmers, especially those who benefited from the scheme to understand that the Anchor-Borrower Scheme is not a free package but a loan scheme. Aminu recalled that the initial plan was to give the benefiting farmers complete loan packages in cash but it was discovered that many would have converted the money to buy motorcycles, cars or marry wives instead of using it for the farming business.

“Therefore, I want to appeal to our farmers, especially the youths not to see the Anchor-Borrower as “awoof’’, it is never a free package but they must be ready to payback,” he warned.

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CBN Anchor-Borrower, Not Free Package But Loan Scheme – AFANAll Farmers Association (AFAN), Kaduna State has cautioned farmers on the CBN Anchor-Borrower Programe, saying it is a loan scheme meant to empower Nigerian farmers. Alhaji Nuhu Aminu, the Chairman of AFAN, gave the warning in an interview with the News Agency of Nigeria (NAN) on Tuesday in Zaria, Kaduna State. “Something is happening across […]
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