Home BUSINESS AGRICULTURE CBN, Rice Farmers Plan 1 Million Rice Pyramid In Abuja In January...

CBN, Rice Farmers Plan 1 Million Rice Pyramid In Abuja In January 2022

The Central Bank of Nigeria (CBN) has announced a collaborative efforts with the Rice Farmers Association of Nigeria (RIFAN) to build one million rice pyramid in Abuja, the nation’s Federal Capital by January 2022.

The CBN’s Head, Development and Finance Office, Abdullahi Baba-Isa, who dropped the hint, said that government’s intervention in rice farming is already yielding positive results.

Baba-Isa, who spoke today, November 13 at the launching of the 2021 wet season farming recovery effort under the Federal Government’s Anchor Borrowers Programme in Kurjale community, Gombe State, said that the pyramid will expose the gains of the partnership between the apex bank and the association.

Baba-Isa said that CBN’s intervention in providing inputs is to crash the price of rice, boost food security, create jobs and improve the wellbeing of farmers in rural areas.

He said that the apex bank is trying to maximize Nigeria’s potential in rice production as a measure toward conserving external reserve, discourage importation and boost local production.

According to him, the impact of Federal Government’s intervention in rice production accounted for why the  country is able to ensure food availability during COVID-19 lockdown when food importation was halted.

“The Anchor Borrower Programme has made a lot of positive impact on our economy, output and even the national food security system has improved.”

He appealed to them to continue to pay their loans, so as to encourage government to accommodate more farmers in the programme in 2022.

See also:  We're  Working To Avert Farmers/Herdsmen Clash As Harvest Season  Sets In - Gombe 

Alhaji Aminu Goronyo, RIFAN President said that CBN’s intervention is creating wealth for smallholder farmers in the state and the country.

Goronyo, represented by Alhaji Mohammed Auwal, RIFAN’s National Vice President, said that with the impact of the intervention, soon, many farmers would no longer need loans as they would have been empowered beyond “borrowing.”

He said that in spite the challenges of insecurity in some parts of the country, there is improvement in food security as a result of the intervention by the CBN.

The RIFAN president advised the association’s members to speedily repay their loans, adding that efforts had  already been concluded ahead of the commencement of dry season farming in the state.

Also, Alhaji Abubakar Bello, Special Project Coordinator, CBN/Unity Bank/RIFAN Partnership, state chapter, said that almost 30, 000 bags of paddy rice were recovered during the launch.

Bello said that with the intervention in 2021, 14, 000 rice farmers were supported for the dry season phase and 28, 000, for the wet season farming.

He described the administration of President Muhammadu Buhari as a blessing to farmers and thanked the RIFAN president and the CBN governor, Godwin Emefiele, for their efforts at empowering farmers.

Source: NAN.

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