A forum of Agricultural Input Suppliers on the federal government’s Anchor Borrowers Programme from Sokoto State has petitioned the Central Bank of Nigeria (CBN) over non-payment of their contract sums.
The forum in the petition signed by 15 agricultural input supplying firms said they were engaged in the first quarter of 2017 by the Project Management Team on CBN Anchor Borrowers Programme to supply inputs to farmers, with a promise that they would be paid two weeks after the supply.
The suppliers lamented that after eight months of the contract, input suppliers have not been paid. According to the petition, “That all companies who are party to this complaint were severally engaged in the first quarter of 2017 as Agricultural Input Suppliers by the Project Management Team on CBN Anchor Borrowers Programme, Sokoto State and the companies fully executed their respective responsibilities accordingly.
“That disbursement due to us has been withheld for several months amounting to dereliction on the part of commercial banks in custody of the monies we are entitled.’’
While noting that the suppliers participate in the Anchor Borrowers Programme based on the integrity of the government of President Muhammadu Buhari and that of the CBN, they said non-payment of the fund has negatively affected their business and may force them to downsize, which will definitely increase the already saturated labour market.
They equally asked the CBN to intervene on the plight of suppliers who discharge their contract under fiduciary attachment to Access Bank Plc, which they said pulled out of the Anchor Borrowers Programme after takeoff.