Anchor Borrowers: Rice farmers can’t meet loan obligations - Business News Live

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Anchor Borrowers: Rice farmers can’t meet loan obligations

Some loans dispersed to rice farmers under the Federal Government’s Anchor Borrowers Programme may not be recovered, as the farmers say they can’t meet their loan obligations following extensive damage done to their farms by flooding. No fewer than 360,000 farmers that got loans from the Central Bank of Nigeria (CBN) are affected. Rice Farmers…

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