See the Winners of the CBN Best Farmer Award in Ibadan


See the Winners of the CBN Best Farmer Award in Ibadan


The Central Bank of Nigeria (CBN), Ibadan branch, recently gave awards to some farmers in Oyo State who distinguished themselves during the year 2020 farming season.


The Best Farmer of the Year Award under the Agricultural Credit Guarantee scheme Fund (ACGSF), was introduced in the 1980s to recognise selected farmers that borrowed under the scheme, adopted best agronomic practices, kept good records and repaid their loan as at when due.


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The CBN Branch Controller, Mrs Olufolake Ogundero, said the award was re-introduced in the year 2020 to select and reward exceptional farmers in the country that the essence of the award was to serve as an example to other borrowers and motivate them to repay their loans on or before the due date thereby making them a potential winners of the award.

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Ogundero, expressed appreciation to all the farmers present on the occasion, Head, Development Finance Office, management of Lapo Microfinance Bank and the selection committee members; the State Chairman, All Farmers Asspociation of Nigeria (AFAN), Mr John Olateru, Branch Manager, Nigerian Agricultural Insurance Corporation (NAIC), Ibadan branch, Mrs Kemi Famodu and the Oyo State Chairman, Cat Fish Farmers Association of Nigeria, Mr Ayodele Oyeniyi for a thorough selection process.

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Mr Akintoye Sunday, Mr Adekola Francis and Mr Alege Kehinde were the recipients of the award, of 1st, 2nd and 3rd positions respectively.

They received cash prizes of N100, 000, N75, 000 and N50, 000 respectively alongside certificates except for the best farmer who received a plaque. They expressed gratitude to CBN for the award.

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