Reps probe CBN’s N1.12tr anchor borrowers programme

The House of Representatives has resolved to probe the N1.12 trillion anchor borrowers scheme coordinated by the Central Bank of Nigeria (CBN).

Also included in the probe are the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), the Bank of Industry (BoI) and other agencies.

The anchor borrowers programme was initiated by the Federal Government and implemented by the CBN to encourage farmers and ensure food sufficiency in the country.

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