CBN/BOA unhappy with Yobe farmers selling agric inputs

CBN/BOA unhappy with Yobe famers farming inputs




Hon. Nuhu Baba, Chairman NECAS, Yobe State.
The Central Bank of Nigeria (CBN) and Bank of Industry (BOA) are angry with the attitude of farmers selling their farm inputs collect from the CBN/BOA and NAIC Anchor Borrowers' Program in Yobe State.

The Development Finance Officer, CBN, Damaturu, Mr. S. U. Mohammed expressed the apex bank's disappointment today,  Friday in Damaturu at the distribution of 2019 Wet Season farming input for rice farming in Yobe State.

"We feel sad when we see farmers selling off  their farm inputs that are given to them to change their lives to other people. This is most unfortunate and we are calling on those with the intention of engaging in such unhealthy practices to stop.

"Farmers need to know that this is a loan given to them and it must be repaid. If you sale the inputs and dont farm, how are you going to pay back the loan", Mr. Mohammed asked.

IMPACTONLINEnigeria check gathered that most of the farmers sell off their input immediately they are collected to some unscrupulous money bags who normally lurk around distribution centres to carryout their mission.

Investigation has also revealed that some of the farmers, mostly displaced people  dispose their input due to poverty as they prefer cash to feed their families. 

Also in his address, the representative of Bank of Agric, Mr. Amshi equally voiced his anger with the attitude of the farmers, reminding them that the loan has to be paid by the beneficiaries and not those who buy the inputs from them, and therefore no justification of selling off their inputs.

Earlier, the State Chairman of North East Commodity Association, Hon. Nuhu Baba disclosed that a total of 11,516 rice farmers across the 17 Local Governments in Yobe State will benefit from the 2019 distribution and will be cultivating 19,784 heaters of land.

Hon. Nuhu informed that, his association in conjunction with CBN and BOA carried out a similar exercise last year with 5002 farmers across the state except Fika Local Government that did not participate in the program. A total of 11,333.5 hecters of land were cultivated.

He added that 70% of last year’s loans have been recovered and recovery of the remaining percentage is still on-going, adding that the program is a cashless program.

"It’s a cashless program that will provide farmers the needed inputs, which comprise improved certified seed, water pumps, knapsacks sprayer, insecticide and herbicides.

"Under the program, mechanized services will also be made available to farmers. The Program entailed allocation of one or two heaters of land to each farmer depending on his capacity per hecters.
A female beneficiary from Damaturu collecting her inputs.


"Before now, the size of each farm land had been captured and an identity card was issued to each of the beneficiaries for easy identification and documentation to enable farmers to access the required support", Nuhu said.

The chairman in an interactive session with journalists after the even disclosed that two people have been arrested and handed over to the law enforcement agencies for selling their input, stressing that, "we cannot even give anyone with the intention of selling off the inputs".

Speaking on the selection process, Hon. Nuhu explained that, the list of the farmers is always generated by the various traditional rulers just as their BVN must also correspond with the with the phone numbers provided with the passport of the beneficiary.





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