Anchor Borrowers’ Programme: Delta fish farmers receive N1.2bn loans
Fish farmers in Delta have received N1.2 billion loans under the Central Bank of Nigeria (CBN)’s Anchor Borrowers Programme (ABP). Mr Ambrose Nwabuzor, Loan Officer, Bank of Agriculture (BOA), Asaba, disclosed this in an interview with the News Agency if Nigeria (NAN) in Asaba on Sunday. Nwabuzor said that the BOA secured the release of N1.2 billion to the fish farmers under the private window of the ABP. He said that the beneficiaries provided enough securities to guarantee the drawdown of the loan from the CBN. “Under the private window, we have secured the release of N1.2 billion to eight anchors that came together to form a fish farm. “Each of the anchors gave us an irrevocable post-dated cheque (security) and they profiled their farmers,” he said. He also said that the BOA was working to secure the release of another tranche of loan for the anchor off-taker in fisheries. The BOA loan officer said that the off-taker had also provided securi...