President Muhammadu Buhari announced that the Nigerian government has financed 2.5 million small-holder farmers through the Anchors Borrower Programme (ABP), leading to a significant decline in the country's food import bill from 2014 to 2018. The programme, which aims to boost domestic agricultural production, has also created 10 million direct and indirect jobs. However, the number of farmers financed seems to conflict with the Central Bank of Nigeria's figures, with over 3.1 million farmers supposedly financed. Despite the reduction in import bill, Nigeria has seen high food inflation rates. The ABP was initiated in November 2015 to address the country's negative balance of payments on food by providing farm inputs and cash to small-holder farmers.