Saturday, May 15, 2021

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Maize farmers in Niger state reject CBN anchor borrowers loan

The Members of the Maize Association of Nigeria, MAAN, Niger State chapter in Chanchaga Local Government of the state have rejected the conditions given to the Central Bank of Nigeria, Anchor Borrowers loan for this year’s farming season.

It was reported that the Maize farmers were asked to deposit N3,000 for logistics in Unity Bank.

In a short protest which was organised against the conditions set during the distribution of materials and inputs for the beneficiaries in Minna, saw 9 out of 143 beneficiaries reject the offer, while showing their dissatisfaction on the conditions set.

Part of the conditions for the loan includes the repayment of farm produce of 30 bags per hectares and a sum of N20,000 in the account.

Apart from that, the farmers are to make sure the loan is paid back while each of the beneficiaries is expected to swear an affidavit in court.

Per hectare for the total loan package is N166,000 which includes fertilizers, herbicides, seed and others under EOP to be given back with seeds after harvest which might be split in two farming seasons.

Hon. Usman Kwotu, who is a member of the association, condemned the conditions, stated that if allowed to continue, it will affect the good intentions of the President Muhammadu Buhari drive on food sufficiency.

He said they vehemently condemn the whole process, he said farmers can’t keep up with the demands of this current process as prices of goods are not the same with is sold in the market.

Hon. Usman Kwotu also accused MAAN of taking over the entire loan process for its own benefits stating that if machineries are properly put in place, Niger State will have the capacity of feeding the nation.

Meanwhile the state Secretary of MAAN, Adamu Jibrin, was baffled as to why the protest by his members. He said that the beneficiaries had earlier accepted the conditions of the loan during their training.

He said the that the CBN loan is set at just 9% interest rate and they should be thankful.

He said the prices of the materials given will be removed from the total package and balance to be given back to the beneficiaries and N30,000 deposit will be for the transportation of goods, store and safe keeping of material. He said a hectare can produce between 60-80 bags therefore it’s the farmers that will benefit.

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