BOA begins verification of anchor borrower beneficiaries in C’ River

BOA begins verification of anchor borrower beneficiaries in C’ River

The Bank of Agriculture (BOA) has commenced the verification of rice farms of the beneficiaries of the Central Bank of Nigeria (CBN)’s Anchor Borrowers Programme in Cross River.

Fidel Egoro, the Chairman of Rice Farmers’ Association of Nigeria (RIFAN) in the state, disclosed this in an interview with the News Agency of Nigeria (NAN) on Sunday in Calabar.

Egoro said that the site verification became necessary to ensure that the beneficiaries of the programme were genuine rice farmers.

“The verification will take place across the 18 local government areas in the state to ascertain the true farmers in the scheme.

“Beneficiaries have to appear in their farms to show true ownership. This will enable the bank officials to see the real farmers and not politicians who disguise as farmers.

“The money is now available, but before the disbursement, the officials want to ensure that true farmers benefit from the programme in order to achieve its purpose.’’

He stressed that the moneys to be disbursed to the beneficiaries were not grants but repayable loans.

“So, that is why CBN and BOA want to ensure that genuine farmers benefit from the programme to enable them to pay back the loans in due course,” he said.

The beneficiaries had earlier been given rice seeds and inputs. (NAN)

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