Impact of Central Bank of Nigeria Interventions to Agriculture: Evidence From Anchor Borrowers Programme

Authors

Sani A. Oshishepo, Department of Psychology, Nasarawa State University, Keffi .Follow

Keywords

Anchor Borrowers Programme, Agricultural Output, Central Bank of Nigeria, Non-oil Export.

Abstract

In an effort to boost agricultural production and non -oil export in the face of unpredictable crude oil earnings and it resultant effect on the revenue profile of Nigeria, the Central Bank of Nigeria (CBN) in line with its developmental function, established the Anchor Borrowers Programme. This paper assesses, the impact, state participation and season positions from inception of the programme. Destock review and indebt interview as well data generated were employed to assess the impact of the programme, Issues surrounding, the distribution model, risks mitigation and challenges of the scheme were also examined. The paper concluded that there is a significant impact of the programme on the agricultural output in Nigeria; and therefore recommended the expansion of the scheme in terms of budgetary allocation.

Author Bio

The Author is a staff of Nasarawa State University

Publication Title

Bullion

Issue

No. 2

Volume

Volume 47

First Page

Page 3

Last Page

Page 11

Recommended Citation

Oshishepo, Sani A. (2023) "Impact of Central Bank of Nigeria Interventions to Agriculture: Evidence From Anchor Borrowers Programme," Bullion: Vol. 47: No. 2, Article 1.
Available at: https://dc.cbn.gov.ng/bullion/vol47/iss2/1