The Presidency says the Anchor Borrowers Programme (ABP) of the Central Bank of Nigeria, launched by President Muhammadu Buhari on November 17, 2015, has supported 1.5 million smallholder farmers with more than 200 billion Naira.
The commodities as contained in President Muhammadu Buhari Fifth Year Anniversary Factsheet presented by the presidency were (Rice, Wheat, Maize, Cotton, Cassava, Poultry, Soy Beans, Groundnut and Fish).
It says 1.4 million hectares of farmland was cultivated.
According to the Presidency, “The ABP has substantially raised local production of rice, doubling the production of paddy as well as milled rice between 2015 and 2019.”
In the area of small scale business, the administration said it has launched a series of funding and capacity development initiatives designed to support Micro, Small and Medium Enterprises.
“The new Development Bank of Nigeria (DBN) has finally taken off with initial funding of US$1.3 billion (N396.5billion); to provide medium and long-term loans to MSMEs. Since 2017, the DBN has disbursed a total of N100 billion through the bank’s 27 Participating Financial Institutions (PFIs) impacting more than 100,000 MSMEs.”
The presidency also noted that the Buhari Administration demonstrated a single-minded commitment to upgrading and developing Nigeria’s Transport, Power and Health Infrastructure.
It noted that the anti-corruption and transparency policy of the administration through its fiscal reforms yielded several billions of Naira in recoveries from tax.
The new whistleblowing Policy introduced by the Federal Ministry of Finance in December 2016, in the first two years alone yielded N7.8 billion, US$378 million, and £27,800 in recoveries from public officials targeted by whistleblowers, the presidency added.