AreaNigeria

Commodity GroupRice

CommodityAll

Date17/11/2015

Policy CategoryProduction

Policy InstrumentProduction support

DescriptionLaunched the Anchor Borrowers’ Programme. Under the programme, NGN 40 billion (USD 199 million) will be utilised to implement an out-grower scheme, provide credit to farmers at a subsidised rate of 9 percent, together with training for producers, extension workers and financial institutions.

NotesExchange rate as of 1 December 2015.