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ANAACOP in partnership with CBN launch agro E-Naira digital currency in Nigeria

In an attempt to ensure food security, the Association of Northern Agricultural and Allied Commodities Practitioners (ANAACOP) has partnered with the Central Bank of Nigeria (CBN) to launch the farmers programmable money agro e-Naira

According to a report published on Zawya, the programme is targeted towards one million Nigerian farmers. A test run of the programme was initially carried out on 50 farmers, with the number expected to increase to four million by 2024.

ANAACOP Chairman, Sadiq Daware mentioned that besides supporting farmers, the programme would also reduce intermediaries and provide easy access to loans and other forms of credit and financial services for farmers in rural communities of Northern Nigeria.