Nigerian Senate directs CBN to recover N1.079 trillion in farmer loans under Anchor Borrowers Scheme.
The Nigerian Senate directs the Central Bank of Nigeria (CBN) to recover N1.079 trillion in loans given to farmers under the Anchor Borrowers Scheme. The CBN had granted a N30 trillion overdraft to the previous administration between 2015-2023, with senators criticizing CBN Governor Godwin Emefiele for poor loan management and oversight. CBN officials commit to recovering outstanding loans and improving oversight mechanisms.
March 22, 2024
3 Articles