CBN urges farmers to add value to farm
produce



The Central Bank of Nigeria has tasked
farmers in the country with striving towards
adding value to their farm produce in order to
prevent waste and to earn more on them.
The Assistant Director, Development and
Finance Department of CBN, Mr. Babatunde
Okulaja, gave this advice in Osogbo on
Thursday at a training session organised by
the apex bank.
Okulaja said one of the recent innovations of
the CBN to restructure the nation’s economy
was an initiative called Produce, Add Value
and Export.
Okulaja stated that a fresh
sum of N220bn had been
released to beneficiaries
under the CBN’s Micro,
Small and Medium
Enterprises Development
Fund adding that 60 per
cent of the fund would
provide financial services to
women-driven enterprises.
According to him, some of
the available schemes of the
apex bank are: Agricultural
Credit Guarantee Scheme
Fund; Agricultural Credit
Support Scheme;
Commercial Agriculture
Credit Scheme; Nigeria
Incentive-based Risk
Sharing System for
Agricultural Lending and
Anchor Borrower’s
Programme.

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