All applications for 2019 anchor borrower programme processed nirsal clarifies

According to a recent statement by the National Inland Waterways Authority (NIRSAL), all applications for the 2019 Anchor Borrowers Programme (ABP) have been processed.

The Anchor Borrowers Programme is a flagship initiative of the Central Bank of Nigeria (CBN) aimed at increasing agricultural production and productivity in the country. The programme provides financial assistance to smallholder farmers through participating financial institutions (PFIs) to enable them to access credit facilities at a single-digit interest rate.

In a statement, NIRSAL clarified that all applications received for the 2019 ABP have been processed and that the next step is for the PFIs to disburse the funds to the eligible farmers.

The statement also assured farmers that the processing of applications is ongoing, and that all eligible farmers will be notified once their applications have been approved.

It is worth noting that the ABP has been a significant success story in Nigeria, with over 750,000 farmers benefiting from the programme since its inception in 2015. The programme has helped to increase agricultural production, improve food security, and create jobs in the agricultural sector.

Here is the full statement from NIRSAL:

"ALL APPLICATIONS FOR 2019 ANCHOR BORROWERS PROGRAMME PROCESSED

The National Inland Waterways Authority (NIRSAL) wishes to inform all applicants for the 2019 Anchor Borrowers Programme (ABP) that all applications have been processed.

The next step is for the Participating Financial Institutions (PFIs) to disburse the funds to the eligible farmers.

We want to assure all farmers that the processing of applications is ongoing, and all eligible farmers will be notified once their applications have been approved.

We appreciate the patience and cooperation of all applicants and look forward to a successful implementation of the ABP.

Thank you."