• Privacy Policy
  • Terms
  • About us
  • Contact Us
Monday, February 6, 2023
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

Buhari unveils rice pyramids in Abuja

Rice

The Matters Press by The Matters Press
January 19, 2022
Reading Time: 3 mins read
0
Buhari unveils rice pyramids in Abuja


President Muhammadu Buhari, on Tuesday commended the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, for boosting food production and supporting the Federal Government ‘s food security initiatives through the Anchor Borrowers’ Programme (ABP).

RELATED POSTS

NECA fears further crashing of fragile economy

Ministry, ICRC in talks to revitalise FG’s properties abroad

FCT residents allege banks’ hoarding, selling of banknotes

Buhari gave the commendation while unveiling the mega rice pyramids initiative of the CBN and Rice Farmers Association (RIFAN) in Abuja.

He said that the ABP initiative had enabled massive rice production while sustaining the country’s food security agenda, adding that its sustenance would drive down prices of food items in the country.

Also speaking at the event, Mr Godwin Emefiele, Governor of the CBN said the Apex bank, through the ABP had financed about four million farmers across 21 commodities across the country, who have cultivated 5.3 million hectares of land.

He said that the ABP had catalysed the rural economy and built a sustainable framework for financing small holder farmers in Nigeria.

ALSO READ  NEPC begins geographic mapping of rice production in Kebbi

“The programme has developed an ecosystem among all nodes of the agricultural value chain and these linkages can be better optimised through synergy among all stakeholders.

“As at the end of December 2021, we have financed 4.48 million farmers that cultivated 5.30 million hectares across 21 commodities through 23 Participating Financial Institutions in the 36 States of the Federation and FCT,” he said.

Emefiele commended the President for initiating the ABP and for supporting “Agric revolution ” that has put Nigeria on the path to food sufficiency.

“I am particularly delighted because these stacks of rice pyramids provide undisputable and unassailable evidence of significant progress under President Buhari’s food security initiatives.

“We may also recall that the ABP was launched in the early days of this administration. It is therefore fitting that the unveiling of the largest rice pyramids in Africa is coming right within your tenure.

“I personally salute your vision of making agriculture one of the focal points of your administration.

“Like the vision of great leaders that prepares countries for the unforeseen, this vision prepared us for the unanticipated impact of Covid-19 on food production,” he said.

ALSO READ  Nigeria launches five-year plan to rescue economy

The CBN governor commended Nigerian smallholder farmers and leadership of the various commodity associations for their “diligence, bravery, patriotism, and adaptability” in the midst of insecurity.

“The past few years have been quite challenging as they have battled with insurgency, banditry, lock downs and other related setbacks.

“Indeed, we lost some farmers to insurgency attacks nationwide whilst some could not access their farms for several months. Yet, they kept the faith.

“They did not give up, they persevered, they did not abandon our fight for food self-sufficiency. Today’s event, therefore, is a celebration of their doggedness and an appreciation of their commitment to food security,” he said.

The CBN governor said that the country had increased its output in rice from about 5.4 million metric tons in 2015 to over nine million metric tons in 2021.

“We have also significantly improved the productivity per hectare of the smallholder farmer from about 2.4 metric tons per hectare in 2015 to between about 5 metric tons per hectare in 2021.

ALSO READ  Taraba’s rice milling firm begins operation December

“These expansions has not only made Nigeria the largest rice producer in Africa, but has also unlocked enormous private sector investment in the rice value chain.

“The number of Integrated rice mills grew astronomically from six in 2015 to over 50 in 2021 with many more in various stages of completion,” he added.

Emefiele explained that the mega pyramids being launched represented aggregated paddy rice submitted as repayment of loans by RIFAN farmers under the 2020 dry season and 2021 wet seasons.

The RIFAN President, Aminu Goronyo, commended the President as well as the CBN governor for their unwavering support to agriculture.

He assured that rice farmers would reciprocate the support by taking steps to increase production and ensure affordability of the commodity.

The event also witnessed awards presentation to governors Kayode Fayemi of Ekiti State, Ben Ayade of Cross River and Dave Umahi of Ebonyi for prioritising agriculture.

Also presented awards were Govs. Abubakar Badaru of Jigawa, Atiku Bagudu of Kebbi state, the CBN governor as well as the RIFAN president.

Tags: Rice
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

NECA on how to address Nigeria’s economic challenges
Economy/Technology

NECA fears further crashing of fragile economy

February 6, 2023
Nigeria moves to review ICRC Act
Economy/Technology

Ministry, ICRC in talks to revitalise FG’s properties abroad

February 6, 2023
Experts validate Nigeria’s implementation strategies for success under AfCFTA
Economy/Technology

FCT residents allege banks’ hoarding, selling of banknotes

February 6, 2023
New Naira notes unavailable even as CBN campaigns for acceptance
Economy/Technology

Entrepreneurs count losses over scarcity of new Naira notes

February 6, 2023
Bids roll in for Ajaokuta Steel Company
Economy/Technology

Cash crunch crashes food prices

February 6, 2023
A transformed fertilizer market is needed in response to the food crisis in Africa
Economy/Technology

Foundation ready to sustain gains of PBR cowpea

February 6, 2023
Next Post
Nigeria to allocate $200m for creation of agricultural service centres

Nigeria approves N1.4bn to equip youth farmers

NBS reports increase in Inflation

Japan applauds Nigeria’s ease of doing business

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

Marketers hail unveiling of new NNPC

NNPCL takes over Addax Petroleum’s PSC assets

January 31, 2023
Electronic collection of data from states, Councils ready by March – RMAFC

RMAFC starts hearing on review of pay for public officers

February 2, 2023
Value of China’s export to US dips

Chinese Yuan strengthens to 6.91 against dollar Thursday

September 15, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • NECA fears further crashing of fragile economy
  • Ministry, ICRC in talks to revitalise FG’s properties abroad
  • FCT residents allege banks’ hoarding, selling of banknotes

Categories

  • Economy/Technology
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2022 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2022 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?