How an Association Sued Farmers over Unpaid CBN loan

How an Association Sued Farmers over Unpaid CBN loan

 

The Niger State Chapter of the Rice Farmers’ Association of Nigeria said has sued some farmers for defaulting in the repayment of loans taken from the Central Bank of Nigeria.

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The rice farmers, who benefitted from the CBN special intervention project for rice farming, were expected to return a certain amount of their harvests as loan repayment.

But some of the farmers, according to the state coordinator of the project, Idris Makaranta, saw the intervention as their own share of the ‘national cake’ and refused to redeem the return expected from them from their last season harvest as agreed.

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Makaranta disclosed this during the inauguration of the Centre Coordinators of the state RIFAN/CBN Special Project in Bida.

He said, “From the 40,000 farmers who participated in last season’s rice farming, we were supposed to recover between 300,000 and 400,000 bags of paddy rice but as I speak to you, we have only recovered about 100,000 bags.

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“We have handed the defaulters over to court to recover our return for us while anyone who has brought more than 60 per cent of the returns would be considered for dry season farming.”

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The Centre Coordinators of the Niger State RIFAN/CBN Special Project were inaugurated for 12 local governments out of the 25 councils in the state to decentralise responsibilities for effective and proper monitoring.

The councils are Bida, Lapai, Minna, Gbako, Lavun, Edati, Mokwa, Kacha, Agaie, Kotangora, New Bussa and Wushishi Local Government Areas while some of the councils affected by insecurity in the state were merged with other councils for proper monitoring.

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