The Federal Government have said that they remain confident that its goal of lifting 100million Nigerians out of poverty in 10 years is achievable.
According FG, through the Anchor Borrowers Programme, the Central Bank of Nigeria has made more than 300 billion Naira available to over 3.1 million smallholder farmers of 21 different commodities including Rice, Wheat, Maize, Cotton, Cassava, Poultry, Soybeans, Groundnut, Fish, cultivating over 3.8 million hectares of farmland.
As at the end of 2020, the Development Bank of Nigeria had disbursed 324 billion Naira in loans to more than 136,000 he said.
To grant increased access to credit to the most poor and vulnerable, I have directed an increase in the disbursement of Government Enterprise and Empowerment Programme loans to an additional one million beneficiaries, FG said.
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4.6 million poor and vulnerable household, comprising more than 8 million individuals are currently benefiting from the Conditional Cash transfer program, which of NIC bi-monthly stipend 0,000 per household
The National Social Investment Programme has provided and achieved: Interest-free loans to farmers and SMEs, Skill acquisition and development, Social inclusion and welfare, Students’ nutrition and women empowerment