Harnessing Finance Services and Credit Access
One of the serious bottlenecks curtailing the access of improved technologies in Africa is limited access to agricultural credit. To solve this, financial and credit service providers have been engaged with the aim of enhancing farmers’ links with input suppliers.
Notably in Nigeria, 40,000 farmers have been registered to access the Central Bank of Nigeria (CBN) Anchor Finance Program. A total of 12 elite climate smart maize varieties were identified and about 2,000 tons of seed distributed to cultivate about 100,000 ha of farmland by the 40,000 registered farmers across 19 states of Nigeria.
The TAAT Maize team is learning from the innovative Anchor Borrower in Nigeria, aimed at adapting and replicating the same in the other target countries in collaboration with the identified credit/ finance institutions in 2019.