Legislative AccountabilityObservatory
Home / Probes / LAO-0302

₦1.12 trillion Anchor Borrowers' Programme and NIRSAL loans

Status
No final report
Assembly
House of Representatives
Opened
2 July 2024
Assembly term
10th National Assembly (2023–2027)
Committee
Committees on Nutrition and Food Security, Agricultural Production and Services, Agricultural Colleges and Institutions, and Finance
Sum at issue
₦1.12 trillion
Subject
Loans and public debt
Without a report for
862 days

On a motion by Chike Okafor (APC, Imo), the House of Representatives mandated its Committees on Nutrition and Food Security, Agricultural Production and Services, Agricultural Colleges and Institutions, and Finance to investigate the CBN's Anchor Borrowers Programme, under which ₦1.12 trillion was to go to 4.67 million maize, rice and wheat farmers through 563 anchors, together with NIRSAL's disbursement of ₦215.1 billion, ₦3 billion disbursed by the Bank of Industry to 22,120 smallholder farmers, a ₦5 billion facility to the Bank of Agriculture for livestock farmers and a ₦1.6 billion ginger blight recovery fund. The committees were given four weeks.

NIRSAL

What the record shows

  • 2 July 2024
    Probe opened.
  • As of 11 November 2026
    No final report of this probe has been found on the public record.

Opened more than 120 days ago, and no final report of the committee has been found on the public record. Interim reports and hearings are shown where known. Know of a report, hearing or outcome missing here? Send a correction.