The North-East Commodity Association (NECAS) has commenced mobilisation of farmers in the sub-region on repayment of the loan received under the Anchor Borrowers Programme (ABP) of the CBN as farmers commenced harvest.
Alhaji Sadiq Daware, National Chairman, NECAS who disclosed this in Yola at the distribution of 120 motorcycles and 13 utility vehicles to Extension Officers, stressed the need for time recovery of the loan.
He said that the recovery was the major way to sustain the laudable ABP programme.
The chairman noted that North-East with vast arable land was lagging behind in utilising the opportunities provided by ABP programme.
He said that so far, about 55,000 farmers had been mobilised to benefit from the N9.4 billion provided by CBN for the programme.
Daware said the presentation of motorcycles and vehicles to extension officers was aimed at adequately mobilising farmers to boost their yields and ensure loan recovery for the successful implementation of the programme.
In the speech, a member of the board member of NECAS, Mr Steven Maduwa, urged extension workers assigned to recover the loan recovery be serious in the discharge of their duty.
He promised that anyone that excelled in recovering about 80 per cent of loans from his area of coverage would be given the motorcycle as a reward.
Maduwa also urged farmers to be committed in repaying their loans for much bigger opportunities, to boost their farming businesses.
Also speaking, the representative CBN, Mr Sa’ad Hamid, said the anchor borrowers programme was part of efforts to support the diversification of the economy and address poverty in the society.
He urged farmers to make maximum use of the opportunity to fight poverty.
“The surest way out of poverty is agriculture. This logistic support for extension officers to boost agriculture is a welcome one, as extension workers are indispensable for the success of this programme,” Hamid said
According to him, any farmer that repays his loan in good time, will be assured of more opportunity by the CBN.
In his remarks, Gov. Muhammadu Bindow of Adamawa lauded NECAS for mobilising farmers to benefit from government agricultural programmes and assured it of maximum support from the state government.
Bindow said that his administration had also keyed into Federal Government programmes to boost agriculture and making a positive impact in the lives of many small-scale farmers in the state.
“We have to thank President Muhammadu Buhari for introducing those laudable programmes in agriculture that have continued to address poverty at the rural areas.
“My administration has also keyed in and no past administration in the state had done what we did in purchasing tractors, fertiliser and other input for practising farmers in the state,” Bindow said.