Anchor Borrowers Programme: 21 local farmers rake N162.5m profit

311 Views

From: Bamidele Fashube, Abuja

Not less than 21 smallholder maize farmers in Abia state made N162, 480,000.00 after harvest, Coordinator of the Central Bank of Nigeria (CBN) Anchor Borrowers’ Programme (ABP) stated on Thursday.

The recorded fete was attributed to farm mechanisation and an off-taking mechanism.

According to a statement issued by the Nigeria Incentive- Based Risk Sharing System for Agricultural Lending (NIRSAL), the harvest, which is part of a trial phase project, was harvested from 21 hectares land in the state.

NIRSAL described the event as concluding Harvest and Post-harvest activities for maize in Lokpa Nta and Umunneochi Local Government Areas of the state.

The harvest processes include handling, storage, processing, transportation and off-take.

The statement reads: “NIRSAL has successfully harvested an initial 21 Hectares of land belonging to 21 smallholder farmers while arrangements have been concluded for the outstanding 366 farmers to participate in the 2019 Wet Season farming.

“With the end-to-end use of mechanisation starting from the pre-planting phase, the maize crops were harvested, dehusked, threshed, weighed and transported to a produce drop point for storage and eventual delivery. The harvest amounted to 1,354 tonnes of maize valued at N162, 480,000.00.

“As part of efforts to ensure optimum yield, farmers are trained on Best Agronomic Practices and Farm Management to prepare them for the transition from smallholder farming to Agribusiness.”

Leave a Reply

Your email address will not be published. Required fields are marked *