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The Anchor Borrowers' Programme of Boosting Agricultural Production
Abstract
On November 17, 2015, the government of Nigeria launched the Anchor Borrowers' Programme. The programme is aimed at boosting agricultural production and non-oil exports in the face of dwindling crude oil prices. Because the Anchor Borrowers' Programme is relatively recent and relevant to the main theme of the book—financing agricultural production expansion—its vision and mission are highlighted in this chapter with a view to informing and influencing the expected beneficiaries. The methodology employed is a systematic and analytic review of relevant literature. It is concluded that the Anchor Borrowers' Programme is a well-articulated initiative for economic linkage between smallholder farmers and reputable large-scale agro-processors with a view to increasing agricultural output and significantly improving capacity utilization of processors. It is recommended that the government resist the temptation of policies and programmes that are aimed at boosting agricultural financing and production rising and falling with the government that initiated them.
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