The Katsina State Government under the Anchor Borrowers system has invested N200 Million in rice and cotton production.
The Special Adviser to the Governor, Abba Abdullahi disclosed this at a town hall meeting to launch the Anchor Borrowers system programme in the state.
The programme is in conjunction with the Central Bank of Nigeria, who were also represented at the town hall meeting being co-sponsors.
“We have rice and cotton farmers that collected the CBN loan under the anchor borrowers programme to boost rice and cotton production and the programme needed supervision.”
“We used the funds to supervise and inspect all the rice and cotton farms in the 34 local government areas of the state.”
“The Katsina state government also purchased over 35 motorcycles for extension workers to visit rice and cotton farmers with the aim of offering pieces of advice to them,” he said.
Abdullahi also revealed that to ensure proper monitoring, part of the fund was used to repair 15 vehicles to ensure officers have access to it for supervision of extension workers.
Meanwhile, Alhaji Shehu Musawa, the Managing Director, State Agricultural and Rural Development Project (KATARDA), had earlier revealed that the meeting will also review how the project fared during the rainy season.
“Anchor borrowers programme has achieved the desired goal in the state as it has boosted rice and cotton production.”
“We are expecting a bumper harvest of cotton and rice in the state,” Abdullahi said.
KeyStone Bank Representative supporting the project opined that the bank will always be partners to the state’s agricultural projects.