2016-07-22 | BPS/DPD/GEN/CIR/01/001

BVN Registration of Farmers Under CBN Anchor Borrowers Programme (ABP)

The Central Bank of Nigeria, in collaboration with the Bankers' Committee, launched the Bank Verification Number (BVN) project to strengthen customer identification across the banking industry. The BVN registration is one of the requirements for farmers to access loans under the CBN Anchor Borrowers Programme (ABP), which offers loans to farmers at a single-digit interest rate. All deposit money banks are required to make their branches available as BVN registration centers for farmers to enroll.

Nigeria

Central Bank of Nigeria

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