Center Bank of Nigerian, CBN, says Anambra state came top in implementation of its Commercial Agriculture Credit Scheme, CACS, and Accelerated Agricultural Development scheme AADS, in 2020.
CBN Branch Controller in Anambra state, Mr. Benedict Maduagwu, disclosed this during a forum in Awka.
According to him, this development makes the state’s economic model the best in the federation for the year 2020.
Mr. Maduagwu explained that the feat earned the state strategic partnership with CBN that may worth’s about three point five billion naira to be disbursed to farmers noting that the facility would accrue under CAC’s two billion naira and another one point five billion naira from ADDS during the agricultural year.
He said that the deal was also made possible because the state participated actively in CBN interventions and translated to higher productivity and prosperity for beneficiaries, as well as helping to prevent recession.
Mr. Maduagwu also called on Ndi Anambra to embrace various financing windows of CBN as a way of continuing to key into Governor Willie Obiano’s economic and social development agenda.