Jigawa farmers express concern over CBN delay of funds release on Anchor Borrower

THE Jigawa State Chairman Anchor Borrower farmers association, Malam Yusif Hassa Harbo expressed disappointment on behalf of over 12,000 Anchor Borrower farmer association in the state for the Central Bank of Nigeria failure to give agricultural loans earlier promises under the programme.

The Chairman made the assertion Monday while speaking at the CBN sensitization fair at Three Star Hotel in Dutse, the Jigawa State capital, said his members were waiting and yet the major component of the loans is not provided and time is against them.

According to him “we made all our effort and met all the conditions and qualified to enjoy the federal government assistance on Rice and Wheat production which was supposed to be collected since because cropping has a time to be harvested, and that time is now. Many of us committed a hug amount of money in clear wide farm land which is above our capacity to work on without the assistance promised to us”.

Musa Shuaibu, a staff in the Jigawa Polytechnic expressed concern over poor performance from Automatic Transaction Machines (ATM), said “the machine (ATM) gave provision to pay up to N40,000 at a go but here in the state no ATM gives maximum of N20,000.

Speaking at the sensitization fair the Director Consumer Protection of the Central Bank of Nigeria (CBN), Mr Fada Banon said the Central Bank of Nigeria (CBN) is working with the federal ministry of education to develop a new curriculum on Financial Literacy and introduce it to public and private schools in the country.

He said the aim is to educate the people on financial discipline and regulations at the younger age.

Mr Fada Banon explained that when the new subject introduces and fully takes-up fraud, financial abuses and damaging the Naira currency by the public.

He further disclosed that Consumers Protection department received processed 9,600 and 403 complains and resolved it between the customers and some commercial banks across the country.

The Director of Consumer Protection added that the department refunded over N51 billion, $17.5 million and €24,000 from banks’ customers missed during transaction.

In a questions and answer session most of the participant whom were farmer and small-scale entrepreneur and student decried the attitude of the commercial banks in the state for poor service and uninformed charges.