Niger State Chapter of Rice Farmers Association of Nigeria has recovered its N35 million loan on rice cultivation.

Idris Abini, RIFAN’s state chairman made a statement in an interview with News Agency of Nigeria in Minna. That Niger State Chapter of Rice Farmers Association of Nigeria on Saturday,said that it had recovery it's N35 Million Federal Government's Anchor Borrowers Programme loan from its members in the State.
Nigeria map with Niger State indicated

Idris Abini said that the farmers had applied for the facility between 2017 and 2018 and defaulted in repayment as agreed with the Central Bank of Nigeria.“Right now we have recovered up to N35 million from our members who collected loans under the ABP and refused to honour the agreement they signed,” he said.
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He said that the national headquarters of RIFAN has engaged a consultant to look into the financial status of the state RIFAN in order to find out the total loan owed by rice farmers between 2017 and 2018.The RIFAN Chairman explained that the non-repayment of loans by RIFAN members across the country made the CBN constitute a loan recovery committee at the national level.According to him, the committee comprises representatives of the CBN, RIFAN, Nigeria Agricultural Insurance Corporation, Unity Bank and Bank of Agriculture.

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