The Association of Northern Agricultural and Allied Commodities Practitioners (ANAACOP), in partnership with the Central Bank of Nigeria (CBN), have launched the Agro eNaira Wallet engagement.
The initiative is targeting to enroll five million farmers across northern states in 2023 to 2024 dry and wet farming seasons. At the launching of the Agro eNaira Wallet in Yola, Adamawa State, at the weekend, the National President of ANAACOP, Alhaji Sadiq Umar Daware, said the initiative targets one million farmers across the northern states for the first year of the 2023 dry and wet seasons and four million farmers for the 2024 seasons.
According to Daware, under the intervention farmers would create eNaira wallet accounts with a sub-wallet account specifically for the programmable intervention and submit their information to enable them access soft loans. He said 50 farmers were drawn from Ribadu cluster in Adamawa to test the programme for onward progression across the northern states.
Daware further explained that the programme had identified agro-dealers, processors and the CBN to find an easy way of disbursement of funds to farmers. He added that the scheme would provide smallholder farmers the platform to get loans with no hitches leveraging their eNaira wallet, assuring that it would remove challenges hitherto experienced by farmers.
