CBN presents Edo Best Farmer Award to LAPO client
By Joy Odigie
The Central Bank of Nigeria (CBN), Benin branch, on Thursday presented the Edo Best Farmer of the Year 2020 Award to Mr John Osagie.
The News Agency of Nigeria (NAN) reports that Osagie is a client of the Lift Above Poverty Organisation (LAPO) Microfinance Bank.
Mr Renner Jumbo, CBN Branch Controller in Benin, said the award was presented under the Agricultural Credit Guarantee Scheme Fund (ACGSF).
Jumbo said the scheme was a viable channel to boost food security and also to support the revenue diversification drive of the Federal Government.
He commended LAPO MFB for boosting credit in the agricultural sector as well as supporting the CBN’s drive to improve food production in the country.
Jumbo implored all eligible participating financial institutions in the state to embrace the scheme.
The CBN controller also presented ACGSF Award to the first runner up, Mr Frankly Obawonyi, a client of the Prosperity Microfinance Bank.
In his remarks, Mr Remi Akande, Head, Communications, LAPO MFB, commended CBN for the award and its decision to hold the award annually.
Akande said LAPO MFB joined the scheme in 2012 as it aligned with its goal of farmers’ empowerment, poverty alleviation, food security and economic diversification.
He said that 34,000 farmers across 34 states of the federation, including FCT had so far benefited from ACGSF through LAPO MFB.
Also, Mr Linus Nwokolo, Head Development Finance Office, CBN Benin office, said the best farmer award was presented to any client of the participating financial institutions who paid back ACGSF loans as and when due.
Nwokolo said that CBN had not recorded loan default from LAPO and Progress MFBs under the Agricultural Credit Guarantee Scheme Fund.
Commenting, Osagie and Obawonyi, the 1st and 2nd winners of the award, commended CBN for the recognition and promised to improve on their achievements. (NAN)
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