• Privacy Policy
  • Terms
  • About us
  • Contact Us
Tuesday, May 17, 2022
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Special News
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Special News
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Agriculture

CBN to support rice mills in paddy production

Rice

The Matters Press by The Matters Press
February 2, 2022
Reading Time: 2 mins read
0
CBN reports drastic decrease in rice import

Rice

The Central Bank of Nigeria (CBN) says it will provide financial support to rice mills to boost paddy production for enhanced rice production in the country.

RELATED POSTS

Osinbajo advocates African plan on energy transition

Buhari’s war against money laundering, financial crimes peaks

Stakeholders seek political will to revive textile sector

The CBN Governor, Godwin Emefiele disclose this at the commissioning of Gerawa Rice Mill Limited in Kano on Tuesday.

“As we increase the milling capacity of rice nationwide, we are encouraging all rice mills to embrace our backward integration programme.

“Get involved in paddy production, to guarantee sustainable supply of paddy to your mills and complement the supply from smallholder farmers through our partnership with the Rice Farmers Association of Nigeria (RIFAN).

ALSO READ  DLM Capital receives CBN approval to acquire Links MFB

“The Private Sector led Accelerated Agriculture Development Scheme provides long term financing option to millers to finance commercial farms, land development, irrigation facilities and other agriculture infrastructure that will enhance the production plan,” Emefiele said.

He revealed that the quality of milled Nigerian rice can match most rice in the world.

“As Nigerians, we need to become more patriotic and embrace Mr President’s mantra of producing what we eat, and eat what we grow,” he said.

Emefiele noted that prior to the launch of Anchor Borrower Programme in Nigeria, there were less than 10 functional rice mills with combined capacity of 350,000 metric tons.

ALSO READ  Petrol queues in Abuja as NNPC assures Nigerians of sufficient stock

“These have increased to over 60 integrated mills with combined capacity of over 3 million metric tons, as at today. With about 10 more mills scheduled to be commissioned this year,” he said.

In his remark, Gov. Abdullahi Ganduje of Kano State, said that the state is surrounded by dams and rivers, which gave farmers opportunity of growing rice, tomato and other crops.

He assured that his administration would continue to provide an enabling environment that would boost farming and business activities in the state.
Ganduje revealed that the new rice mill would also assist to create jobs and boost economic base of people in the state.

ALSO READ  NEPZA, NIPC in closer partnership on investment

Also speaking, Governors of Jigawa and Kebbi States, Badaru Abubakar and Atiku Bagudu, respectively, thanked President Muhammad Buhari for introducing the Anchor Borrower Programme to guarantee food security.

In his remark, the Chairman, Gerawa Rice Mill, Alhaji Isa Gerawa, thanked the CBN for supporting him to establish the company.

He said that the mill would also go a long way at ensuring food security in the country.

Tags: CBNRice
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria emerges Africa biggest energy sector
Economy

Osinbajo advocates African plan on energy transition

May 13, 2022
Nigeria gets petroleum law to edge out 50 years archaic laws
News

Buhari’s war against money laundering, financial crimes peaks

May 13, 2022
25 textile clusters get a boost through SMEDAN
Economy

Stakeholders seek political will to revive textile sector

May 12, 2022
Nigeria floats $4bn Eurobonds
Economy

DMO lists N225bn FGN bond for subscription by auction

May 12, 2022
Price of bread to be reviewed upwards again
Economy

Cost of bread beyond reach of many Africans – AfDB

May 12, 2022
Buhari meets with governors of APC
News

Buhari gives resignation deadline to political office holders seeking to contest elections

May 11, 2022
Next Post
Osinbajo sees small, medium firms as growth agents

Osinbajo tasks privatisation council on economic growth

SON sure to certify 75% products in Enugu, Ebonyi states by 2023

SON partners NFIU against fake products

Leave a Reply Cancel reply

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

Recommended Stories

WTO postpones conference due to pandemic travel restrictions

WTO warns of Ukraine war causes human suffering

April 13, 2022
Elections: Buhari, others vote

Elections: Buhari, others vote

February 23, 2019
Cholera, Lassa fever kill 3,804 Nigerians

Cholera, Lassa fever kill 3,804 Nigerians

January 17, 2022

Popular Stories

  • 79 candidates for presidential election

    INEC wants to make you rich, bid for new jobs

    0 shares
    Share 0 Tweet 0
  • Universities approved to operate distance learning centres

    0 shares
    Share 0 Tweet 0
  • IMF’s reasons for Nigeria’s economic recovery

    0 shares
    Share 0 Tweet 0
  • Missing fighter jet found dead

    0 shares
    Share 0 Tweet 0
  • PawaPlus launches app to make access to electricity easy

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Osinbajo advocates African plan on energy transition
  • Buhari’s war against money laundering, financial crimes peaks
  • Stakeholders seek political will to revive textile sector

Categories

  • Agriculture
  • Business
  • Culture
  • Economy
  • Economy
  • Entertainment
  • Features
  • Finance, Money
  • Foreign
  • Health
  • Lifestyle
  • Multimedia
  • News
  • Oil, Gas
  • Opinion
  • Photo
  • Politics
  • Politics/Social
  • Religion
  • Security
  • Special News
  • Sports
  • Tech
  • Thematterspress
  • Trade, Industry, Technology
  • Travel
  • Uncategorized
  • Video
  • World

© 2022 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Special News
  • 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?