The All Farmers Association of Nigeria, AFAN, says the reappointment of Mr Godwin Emefiele as the Central Bank of Nigeria, CBN, Governor by President Muhammadu Buhari, was a confirmation that the President is `agriculture friendly’.
The Vice National President of the association, Chief Daniel Okafor stated this in Abuja on Sunday, while commending the President for the re-appointment.
Mr Okafor appealed to Mr Emefiele to continue with the Anchor Borrowers Programme, ABP, and ensure that all agriculture commodities associations benefited from the programme in his second tenure.
He also appealed to the CBN governor to ensure the reduction of interest rates on agriculture loans to stand between three and five per cent.
Mr Okafor appealed to the CBN governor to initiate other agriculture friendly programmes and also support the Bank of Agriculture (BoA) with funds to enable farmers’ access to agriculture loans.
President Buhari had in a letter to the Senate President, Dr Bukola Saraki, dated May 8, presented for confirmation of Emefiele as CBN governor for a final term of five years.
The CBN in line with its developmental functions, established the Anchor Borrowers Programme (ABP) which was launched by Buhari in Nov. 2015
The programme which had benefitted millions of farmers was aimed at creating a linkage between anchor companies involved in processing and small holder farmers of key agricultural commodities.