The government of Ogun state came out with an anchor borrowers programme that involve the planting of crops such as rice, cassava and animal production. Youth of the state were called to register on their website for interest this took place last year before the end of the farming season.

Fast forward to this year 2020, all hope was that they will kick the ground running which they did as text were sent to some participants that will be farming some crops like cassava for paper registration and verification. In February they send another text asking verified youths to go down to their respective local government to open a bank account.

As one of the verified farmer, I went down to the local government (Abeokuta South) to open an account with WEMA marketers but till now they have not sent me an account number, though they promised to do so the next after the form filling. Are you one of those that open and account with WEMA ? Do you have your account? Or are you part of the program but your bank is different?

Please lets talk together as I was informed that the collation for the account has started for disbursement of funds.

Is there no one from Ogun state under the program?

The state government is not in charge of anchor borrowers, if you want to benefit from the program go to the nearest NMFB and get the necessary information .

Anchor borrower program does not give cash, they give input, take for example for cassava they help you clear land, the cost will be debited into your new account as loan, they will give you herbicides, cassava stem, fertiliser all this inputs are not money they are physical input that will be debited into your account, the only cash that can touch your hand is labour cost. At harvest they will buy your cassava and credit the proceed into your debited account and the balance will be your profit, the money also come with interest of 6 to 9%. The challenge is getting 80 farmers that will be ready to plant cassava at the same time

talisman35:
The state government is not in charge of anchor borrowers, if you want to benefit from the program go to the nearest NMFB and get the necessary information .

what is the meaning of the N in NFL and where is it located. Do you know how it works as many this scheme needs ppl to form cooperatives or have a registered company with farming land ready

benzion72:
Anchor borrower program does not give cash, they give input, take for example for cassava they help you clear land, the cost will be debited into your new account as loan, they will give you herbicides, cassava stem, fertiliser all this inputs are not money they are physical input that will be debited into your account, the only cash that can touch your hand is labour cost. At harvest they will buy your cassava and credit the proceed into your debited account and the balance will be your profit, the money also come with interest of 6 to 9%. The challenge is getting 80 farmers that will be ready to plant cassava at the same time

I have an idea of this but only wants to note the stage where that of Ogun state that was carried out in February is. Thanks