Rice Farmers Association of Kebbi, have called on the Federal and the Central Bank as well as the Bank of Agriculture (BoA) to suspend the anchor borrower’s loan repayment until 2021 to 2022.
This appeal was made in Birnin Kebbi on Thursday by the chairman of the association, Alhaji Shehu Abubakar-Zaki, while briefing newsmen on the devastating effect of flood to farmlands across the state.
He said rice farmers in the state, have lost all their planted crops to the flood, and could not, in any way, sustain the repayment of the loans.
Abubakar-Zaki stated that, in spite of the COVID-19 pandemic, the farmers were committed to the repayment, which almost all their members have paid a part of their loan and their plan was to complete the repayment after this year’s harvest. He said this would not be possible again with the resultant effect of the flood as the farmers don’t even have farmlands to plant now.
Abubakar-Zaki said the association is still assessing the magnitude of the destruction and losses as the flood is still wreaking havoc to farmlands in the state.
He also called on governments to further assist the farmers with agricultural inputs in order to ensure massive dry season farming when the water receded.