The Anchor Borrowers Program (ABP) of the Central Bank of Nigeria (CBN) was initiated in November 2015 to foster economic linkages between Small Holder Farmers (SHF) and Anchors. It aimed to support farmers involved in maize, rice, or wheat farming.
Over the course of the program, approximately 4.67 million farmers benefitted from its initiatives. The total amount disbursed across all anchors was about N1.12 trillion, with N670.4 billion repaid and an outstanding balance of N450.90 billion. The program has now been discontinued, and efforts are underway by the apex bank to recover the remaining funds.
Here are the top ten beneficiary anchors of the Anchor Borrowers Program (ABP) by the amount disbursed:
10. COPMAN
- Amount Disbursed: N15.56 billion
- Repaid: N11.21 billion
- Outstanding Balance: N4.24 billion
- Number of Farmers Reached: 85,703
- Approved Land for Program: 85,703 hectares
- Disbursed Through: NISRAL MFB
9. KEBBI STATE GOVT
- Amount Disbursed: N17.78 billion
- Repaid: N9.62 billion
- Outstanding Balance: N8.16 billion
- Number of Farmers Reached: 91,323
- Approved Land for Program: 90,772 hectares
8. MAGPAMAN
- Amount Disbursed: N20.07 billion
- Repaid: N12.73 billion
- Outstanding Balance: N7.34 billion
- Number of Farmers Reached: 105,031
- Approved Land for Program: 105,033 hectares
7. NECAS
- Amount Disbursed: N29.36 billion
- Repaid: N12.27 billion
- Outstanding Balance: N17.08 billion
- Number of Farmers Reached: 107,205
- Approved Land for Program: 202,175 hectares
6. WFAN
- Amount Disbursed: N30.31 billion
- Repaid: N5.95 billion
- Outstanding Balance: N24.36 billion
- Number of Farmers Reached: 100,240
- Approved Land for Program: 100,240 hectares
5. NACOTAN
- Amount Disbursed: N57.87 billion
- Repaid: N39.15 billion
- Outstanding Balance: N18.71 billion
- Number of Farmers Reached: 354,941
- Approved Land for Program: 370,617 hectares
4. THRIVE AGRIC
- Amount Disbursed: N92.07 billion
- Repaid: N64.54 billion
- Outstanding Balance: N27.53 billion
- Number of Farmers Reached: 305,000
- Approved Land for Program: 501,000 hectares
3. MAAN
- Amount Disbursed: N92.43 billion
- Repaid: N65.37 billion
- Outstanding Balance: N27.06 billion
- Number of Farmers Reached: 477,638
- Approved Land for Program: 606,870 hectares
2. AFEX COMMODITIES
- Amount Disbursed: N169.27 billion
- Repaid: N103.10 billion
- Outstanding Balance: N66.17 billion
- Number of Farmers Reached: 483,476
- Approved Land for Program: 865,258 hectares
1. RIFAN (Rice Farmers Association of Nigeria)
- Amount Disbursed: N283.01 billion
- Repaid: N137.24 billion
- Outstanding Balance: N145.77 billion
- Number of Farmers Reached: 1,518,603
- Approved Land for Program: 1,403,990 hectares
