Wike Blasts FG, CBN for Playing Politics With Anchor Borrowers Programme

by on April 6, 2021

Nyesom Wike, the Governor of Rivers State has accused the Federal Government of neglecting farmers and agriculture stakeholders in South-South Nigeria, denying them loans under the Anchor Borrowers Programme, ABP.

Wike alleged that the agricultural scheme made no impact in Rivers and accused the Governor of Central Bank of Nigeria, CBN, Godwin Emefiele, of frustrating loan requests from the state.

He made the allegation when the Minister of State for Agriculture and Rural Development, Mustapha Baba Shehuri, visited him at Government House, Port Harcourt.

While accusing Emefiele of playing politics with the scheme, Wike said that instead of implementing policies to achieve food security and create jobs for youths, the CBN had politicised its agricultural loans. Rivers State, according to him, is one of the states the CBN will not give the loan for political reasons.

“I don’t know why the CBN governor hates us so much. We have been hearing of Anchor Borrowers Programme, but when it concerns Rivers State, we hear a lot of discouraging things.

“Please tell the CBN Governor to remember us too, that we are part of Nigeria. When we applied for the loan, they said it was N5 billion and we have applied for over one year now.”

The Federal Government launched the Anchor Borrowers Programme on November 17, 2015 through the CBN to boost agricultural production by Small Holder Farmers (SHF). More than N200 billion has been reportedly set aside for the scheme.

The scheme aims at financing production of rice, wheat, maize and fish, among others, to achieve increased yield for local consumption and commercial purpose. The implementation of the scheme has been domiciled in state ministries of agriculture.

Guidelines released by the Development Finance Department of the CBN in 2016 further states that the scheme will provide farm inputs in kind and cash for farmers to boost production of commodities, stabilise input supply to agro-processors and address negative balance of payment on food.

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