x

CBN mobilises 140,848 tomato farmers for Anchor Borrowers Programme

The Central Bank of Nigeria (CBN) has mobilised and validated 140,848 tomato farmers for the Anchor Borrowers Programme.

The CBN Governor, Mr Godwin Emefiele disclosed this at the Ground-Breaking ceremony of Tomato Jos at Kangimi community in Kaduna on Monday.

Tomato Jos is an American owned company aimed to transform smallholder farmers from subsistence growers into commercial producers.

The company has a 500 hectres of land with potential to cultivate tomato of 400 hectres and it is expected to begin production in 2021.

Emefiele said the beneficial farmers were selected from

various Tomato Farmers Associations across 25 States in the country.

He explained that the farmers would be linked to proximal processors where applicable, or financed to produce fresh fruits for direct consumption, which

constituted the largest use of tomato in the country.

“We are also partnering with other big players in the tomato value chain like Dangote Tomato Processing Ltd, Sonia Foods, GB Foods (GBF), Vegefresh Company Ltd. and a host of others.

“This is with a view to ensuring that Nigeria becomes self-sufficient  in tomato, and our Processing companies, functioning at full capacity and employıing millions of Nigerian youths.

“My presence here today is a demonstration of CBN’S preparedness to partner with the private sector to facilitate the development of Nigeria’s agricultural sector through our various programmes and Schemes like Commercial Agriculture Credit Scheme (CACS), Anchor Borrowers Programme (ABP),.

“Others like Micro Small and Medium Enterprises Development Fund (MSMEDF), Agri-business/Small and Medium Enterprises Investment Scheme (AGSMEIS) among others” he said.

Emefiele commended the Management of Tomato Jos company for flagging off this processing plant which had the potential of creating employment for hundreds of Kaduna State indigenes and other Nigerians in general.

He expressed hope that the Management of the company would remain focussed and not be compromised so as to ensure the sustainability of the project.

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

Oborevwori, Senator Nwoko Hail Igbo Socio-Cultural Group for Tackling Identity Crisis

By Anne Azuka The Igbo Unification Movement, in collaboration with...

Tinubu Declares 9th National Youth Games Open in Delta

By Anne Azuka The 9th National Youth Games kicked off...

PAAU Gets NUC Approval for MBBS Program

By Noah Ocheni, Lokoja The Faculty of Medicine at Prince...

Kaduna: London-Based Philanthropist, Andishu, Lauds Gov. Sani’s Security and Peace Model

By Achadu Gabriel, Kaduna London-based Nigerian businessman and philanthropist, Moses...

Aliyu Flags Off 2025 Tree Planting in Sokoto, Urges Collective Action Against Desertification

By Muhammad Ibrahim, Sokoto Governor Ahmed Aliyu has launched the...

KGIRS Targets Over ₦3bn Monthly Revenue in 2026

By Noah Ocheni, Lokoja The Chairman of the Kogi State...

Plateau Child Protection Network Raises Alarm Over Case of 5-Year-Old Bethel ‘Kawa’

By Israel Adamu, Jos The Plateau State Child Protection Network...

Breaking: Police Invite Senator Adamu Over Alleged Threats to Kaduna Governor’s Life

By Achadu Gabriel, Kaduna The Kaduna State Police Command has...
spot_img

Related Articles

Popular Categories

spot_imgspot_img