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10 months ago | News

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Exportation of Rice by Nigeria to Begin in 2017 – CBN

The Central Bank of Nigeria is set to begin exportation of rice by 2017 through its Anchor Borrowers Programme introduced by the Governor of The Central Bank of Nigeria (CBN) set aside for the promotion of Agriculture in Nigeria.

The target was jointly set by the Anchor Borrowers Programme of  the CBN and the Presidential Committee on Rice Production.

According to the Acting Director of Corporate Communications of the apex bank, Isaac Okorafor, at a sensitisation workshop for farmers with the theme “Promoting Stability and Economic Development’’ held in Yenagoa said, “farmers in Kebbi, Jigawa, Ebonyi, Sokoto and Cross River states, among others, have already keyed into the programme, resulting in massive rice cultivation”.

He also added that Kebbi State had already harvested one million tons of rice, adding that Ebonyi’s harvest had outstripped the earmarked production for the year. He said the country would achieve self-sustenance in rice production if the momentum was sustained, adding that the country should commence exportation of locally produced rice by 2017.

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David Masifon is an Associate at Meets Media, a digital journalist who reports on News and some other section of our website.

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