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Nigeria's ABP scheme targets 1 lakh cotton farmers in 2019

Mar '19
The Central Bank of Nigeria’s (CBN) Anchor Borrowers Programme (ABP) is targeting 100,000 cotton farmers this year, Hajiya A’isha Abubakar, Nigeria’s minister of state for industry, trade and investment, conveyed recently to a stakeholders’ forum in Zaria in Kaduna state on good cotton seed production to enhance the cotton value chain in Niger state.

The minister was represented by Omololu Opeewe, director of Commodities and Products Inspectorate Department (CPID) at the forum, according to a press agency.

Opeewe said the cotton textile and garment (CTG) policy aimed at boosting local production and cotton processing. The ministry is currently working with the National Cotton Association of Nigeria (NACOTAN) to facilitate access to ABP.

With a target yield of 1.5 metric tonnes per hectare, 300,000 metric tonnes of seed cotton will be processed by the ginning companies, while 114,000 metric tonnes of cotton lint will be available to the textile mills, the minister said in her message.

The Institute for Agricultural Research (IAR) will play an important role in providing good quality seeds.

The National Agricultural Extension, Research and Liaison Service (NAERLS) will train the cotton farmers to supplement the actualisation of the target. (DS)

Fibre2Fashion News Desk – India

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