AgricultureMoneyNewsFarmers Not Repaying Loans; Believe It’s ‘National Cake’, CBN Laments
The Central Bank of Nigeria (CBN) has lamented that farmers refuse to pay back the loans obtained under the Anchor Borrowers’ Programme (ABP), believing it’s ‘national cake’. “Many of the farmers refused to pay back their loans due to misconception that since CBN is the lender, the loan is a ‘national cake’ and they do not have to pay back what they consider theirs as citizens,” Sadeeq Ajayi, a spokesperson for CBN said on Wednesday....