FAAC deducts N622.75m for anchor borrowers in 15 months

The Federation Allocation Accounts Committee has deducted N622.75m in 15 months to repay loans disbursed to farmers under the Anchor Borrowers Programme, Sunday PUNCH reports. The Anchor Borrowers Programme of the CBN was established in November 2015 to create economic linkages between Small Holder Farmers and Anchors. According to the Federal Account Allocation Committee revenue

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