Members of the Zero Hunger Commodity Farmers’ Association of Nigeria have identified late distribution of inputs to beneficiaries of the Anchor Borrowers Programme as a major challenge to the scheme.
The Association who said this in a communiqué issued at the end of its meeting in Abuja noted that seeds chemicals and fertilisers were distributed late to beneficiaries while some of the inputs were sub-standard and had expired.
The Association, who commended the Federal Government for sustaining the programme in the last two years through the Central Bank of Nigeria (CBN), lauded the establishment of the Nigerian Incentive-Based Risk Sharing System for agricultural Lending as well as the Nigerian Agricultural Foundation.
According to them, the two bodies which were represented at the meeting are playing good roles in the agricultural sector of the national
The Association however frowned at the delay in budget presentation and passage in the country, noting that it was a major constraint to economic performance and agricultural development.
It therefore identified provision of input and credit facility at single digit interest rate and good market prices for farmers as critical factors that government must consider if agriculture if it is serious with its economic diversification pursuit.
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