CBN Loan Intervention – 20,000 APSAN Members Benefit from CBN Loan

No fewer than 20,000 members of the Agricultural Produce Sellers Association of Nigeria (APSAN ) across Nigeria have benefited from the Central Bank of Nigeria (CBN) loan intervention scheme in the agricultural sector.

This is part of the 503.3 billion naira loan already disbursed to farmers by NIRSAL Micro Finance Bank.

READ – Central Bank of Nigeria (CBN) Agri-Business/ MSME Investment Scheme (AGSMEIS) | https://nirsalmfb.caderp.com/Account/Register

The loan scheme which cut across, Anchor Borrowers Programme (ABP), Targeted Credit Facility (TCF), Agricbusiness Small and Medium Enterprise Investment Scheme (AGSMEIS), Non Interest Target Credit Facility and Nigeria Youth Investment Found (NYIF) was designed by the federal government in collaboration with NIRSAL to drive the diversification policy and mitigate the impact of covid-19 on the agric sector.

Speaking to journalists in Abuja yesterday, APSAN national president, Comrade Aloys Akortsaha tasked the beneficiaries to make judicious use of the fund to address their financial challenges.

READ: Covid-19 Loan – N20m For BeneficiariesHe said “This is the first time a programme is impacting positively on the lives of ordinary Nigerians especially the grassroots without any interference from the powers that be, it is worthy of commendation and recommendation and I want to use this opportunity and call on other agricultural related MDAs particularly the federal ministry of agriculture and rural development to adopt the NIRSAL MFB methodology in reaching out to farmers directly without passing through states and local governments.”

READ – Covid-19 Loan Checker: How to Check NMFB Covid-19 Household And SME Loan Approval

“ In view of the above therefore, APSAN hereby supports the programmes  and will continue to encourage businesses and households to make use of the opportunity to better their lives and enhance their businesses”, he added.

READ – NYIF Loan Approval News / Update Today 2022