NACOTAN hails implementation of FG’s anchor borrowers’ programme

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By: AgroNature Admin

The National Cotton Association of Nigeria (NACOTAN), has hailed implementation of the Federal Government’s Anchor Borrowers’ Programme(ABP).

It said the programme implemented
by the Central Bank of Nigeria (CBN) through a partnership with commodity associations and other stakeholders was commendable as it has created a value chain in the agriculture sector.

NACOTAN President, Mr Anibe Achimugu, said this in an interview with the News Agency of Nigeria (NAN) on Saturday in Abuja.

Achimugu said the programme had become a game-changer in the agriculture sector.

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“When I’m talking about value chain, I’m not just talking about one sector, I mean all the sectors within the value chain,’’ he said.

The NACOTAN president, also Managing Director, Arewa Cotton, said the programme had motivated farmers for better production by providing them with enough quantities of inputs as well as supporting them with training.

Achimugu said the ABP had also ensured that farmers were supported with insurance cover as well as extension services. According to him, farmers will feel comfortable in cultivating crops because they know that there is a market at the end of the day.

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“A farmer will not have to struggle to look for who will either buy his products or the pricing which is also considered in the ABP. In short, it’s like minimum guarantee price for the farmer who only have to essentially decide what crop he needs to plant”.

“Informed planting decision is important to the farmer because, with the market and pricing in place, farmers will keep on farming a particular crop as well as keep them coming back,” Achimugu said.

He said that with those variables already taken care of, sustainability would have been created in a particular crop in terms of productivity in that line.

Source (NAN)

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