The All Farmers Association of Nigeria (AFAN) in Kano state has lamented that out of 5,540 rice and wheat farmers that received the loans under the Anchor Borrower programme of Central Bank of Nigeria, not up to 50 or less than one percent, repaid the loans.
The state AFAN Chairman, Alhaji Faruk Rabi’u, who revealed this in an interview with the News Agency of Nigeria (NAN) in Kano on Sunday expressed concern over the refusal of most of its members to repay their Anchor Borrowers loans.
The association therefore expressed the fear that the Central Bank of Nigeria (CBN) might not consider the state for similar facility in future.
“I am afraid if the Central Bank of Nigeria will again consider our farmers for any Agric loan in future if the money is not recovered.
“So we have taken necessary steps to recover the loans by setting up a loan recovery committee to recover the loans,” Rabi’u said.
He said the team was expected to go round the 44 local government areas of the state to collect the loans from defaulting farmers.
Concerned by the farmers’ attitude, the state government had also constituted a nine-man committee to recover the loans in time.
The Committee is under the leadership of the Managing Director of the state Agricultural and Rural Development Authority (KNARDA), Prof Mahmoud Daneji.
(NAN).