Abia State News Special Report
ANCHOR BORROWER: CBN APPROVES LOAN FOR 200 ABIA STATE MAIZE FARMERS
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Afnews Editor
Jun 28, 2019
The Central Bank of Nigeria (CBN) has approved a loan
facility for at least 200 maize farmers in Abia under its Anchor Borrower
Programme on maize for the 2019 farming season, an official has said.
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Celsius Agla, the Manager, Development Finance Office of
CBN, Umuahia branch, said this on Thursday in his presentation at the CBN Fair
organised in Umuahia, the Abia capital.
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Agla said that farmers, whose applications were not
approved, had issues with their Bank Verification Numbers (BVN), adding that
they had to wait for next year.
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Agla spoke extensively on the bank's Anchor Borrower
Programme on Rice, saying that the programme was initiated to boost local
production of the commodity to stop its importation.
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He said that the bank had identified oil palm and cassava
production as two agricultural mainstay of Abia.
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He said that the bank had begun to capture the number of oil
palm farmers in the state for intervention.
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He also discussed other interventions by the bank, including
the Agricultural Business Small and Medium Enterprises Schme, Entrepreneurship
Development Institute, among others.
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Agla said that the bank was taking steps to address the
identifiable challenges militating against the smooth implementation of some of
the schemes.
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Also, Mrs Ngozi Eze, Senior Manager, Currency Operations
Department in the bank, spoke on the Clean Notes Policy of the bank.
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Eze appealed to Nigerians to uphold the sanctity of the
currency as the nation's symbol and pride and desist from abusing the naira
notes.
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She listed ways the naira notes could be abused to include
spraying at ceremonies, writing on the note, mutilation, trading on naira notes
and counterfeiting the currency, among others.
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Eze advocated the use of envelopes and wallets to keep the
naira notes clean.
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She warned that those caught abusing the naira notes would
be prosecuted and liable to six months imprisonment or option of N50,000 fine,
if convicted.
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She said that the bank was using the media to disseminate
information on the policy to the grassroots level.
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Mr Nnanna Chukwu, the Senior Manager, Payment System
Management, spoke on the alternative payment system, such as the mobile
applications, Automated Teller Machines (ATM) and internet.
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Chukwu said that the alternative payment system was introduced
in line with the bank's policy on cashless economy.
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Mr Sam Okogbue, the Assistant Director, Corporate
Communications Department, said that the CBN Governor, Dr. Godwin Emefiele,
introduced a policy to make CBN more people-focused.
