• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, May 15, 2025
  • 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

CBN disburses N42bn to support wheat cultivation

Wheat

The Matters Press by The Matters Press
March 24, 2022
Reading Time: 3 mins read
0
Flour millers to establish wheat procurement centres in 15 states

The Central Bank of Nigeria (CBN), says it has expanded about N42 billion to accelerate wheat cultivation in 132,799 hectares across 15 states in the country.

RELATED POSTS

Nigeria First policy, unique, revolutionary – TMSG

Group seeks action against the menace of fake news, deliberate falsehood

Nigeria’s upgrade of health centres, a major milestone in Renewed Hope Agenda

The CBN Governor, Mr Godwin Emefiele, stated this at the inauguration of the 2021/2022 Brown Revolution Field Day/Harvest in Gabarin village, Ringim Local Government Area of Jigawa.

Emefiele, represented by Hajiya Sa’adatu Ibrahim, the CBN Controller, Dutse Branch, said that the facility was provided during the 2021/2022 dry season activities, to address the challenges in the wheat value chain.

He said that strategy was anchored towards making high yield seed variety available through implementation of a local seed multiplication programme, and expanding land for wheat cultivation through collaboration with state and federal agencies.

According to him, the apex bank through international collaboration seeks to ncrease the annual cycle for wheat cultivation during wet season activities and promote Good Agronomic Practices (GAP).

“In Nigeria; wheat remains one of the commodities with the highest demand and despite its high demand, Nigeria produces less than two per cent of its annual wheat consumption needs.

“In the light of the circumstances faced in wheat cultivation in Nigeria, the bank through its flagship Anchor Borrower Programme, in 2020, commenced a strategic approach targeted at facilitating import substitution by promoting self-sufficiency in the wheat value chain,” he said.

This, he said, encouraged improvement in the income of wheat farmers, enabling greater job creation and providing a ready off take for the millers.

He said the bank also trained over 250 extension workers with a reach of over 120,000 farmers, in a bid to cascade learning to the farmers in their respective locations through the GAP.

According to him, the apex bank in collaboration with Flour Milling Association of Nigeria, identified, validated and cultivated demonstration farms to holistically showcase the improved protocol for wheat farming in Nigeria and the impact of GAP on high yields to farmers.

“Four seed companies have been commissioned to process 25,000 metric tonnes for the next planting season.

“This strategy seeks to reduce wheat importation by 60 per cent in two years and eliminate wheat importation over the long term,” the CBN governor added.

According to him, the aim is to reduce the gap by at least 15 per cent during the 2021/2022 planting season.

Emefiele said the bank equally disbursed N975.61 billion to over 4.52 million smallholder farmers, cultivating 21 agricultural commodities, among other interventions targeted at addressing the financing needs to enhance agricultural value chain.

In his remarks, FMAN’s Chairman, Mr John Coumantaros, said that the association was geared towards providing market for wheat farmers in the country.

Coumantaros, represented by Mr Segun Flade, said the association was expanding its procurement across the wheat producing states through additional aggregation, staff and warehouses.

“Specifically, we’re establishing procurement centres across 15 northern states to offtake all wheat grain from up to 150,000 farmers under the CBN-ABP scheme.”

He listed the states to include Kano, Kaduna, Jigawa, Kebbi, Sokoto, Bauchi, Adamawa, Katsina, Gombe, Plateau, Taraba, Zamfara, Niger and Yobe.

The Chairman said the association would also cultivate 504 demonstration farms in the states, to provide training on GAP to 250,000 farmers under the ABP, while loans would be provided to over 2,000 outgrowers farmers in Kano, Jigawa, Sokoto, Kebbi, Kaduna, Bauchi and Gombe states.

“Expansion of seed production with six certified seed companies, including both dry and wet season seed production to produce sufficient seed for 5,000 outgrower next seasons.

” Research and trials on FMAN’s 10-hectare research farm in Jigawa for testing new seed varieties and improved agronomic practices, including collaboration with Lake Chad Research Institute, among others.

“Part of it is also grant funding for National Agricultural Seed Council to expand their capabilities to test seed quality, certify seed production and train farmers to differentiate high-quality seed from others in the market,” he said.

Some of the farmers, Dauda Ali, Alkasim Aliyu and Muhammad Ado, in their seperate remarks, commended the CBN and FMAN for their efforts towards boosting wheat production in the country.

Ali said that the new farming techniques introduced had assisted them to achieve higher yields at harvest.

He also urged the Jigawa government to construct access road to ease movement of produces to the markets.

Tags: Wheat
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

IMPI releases new policy statement in defence of the Nigerian economy
Economy/Technology

Nigeria First policy, unique, revolutionary – TMSG

May 15, 2025
Economy/Technology

Group seeks action against the menace of fake news, deliberate falsehood

May 14, 2025
Eulogising Africa’s efforts in midwifing a Covid-19 vaccine
Economy/Technology

Nigeria’s upgrade of health centres, a major milestone in Renewed Hope Agenda

May 13, 2025
Rescued victims of human from Cote D Ivoire arrive Nigeria
Foreign

Rescued victims of human from Cote D Ivoire arrive Nigeria

May 11, 2025
Northern governors, traditional rulers call for accelerated action against Insecurity
News

Northern governors, traditional rulers call for accelerated action against Insecurity

May 11, 2025
Smile finally visits nurses, now on enhanced salary entry point
Economy/Technology

As enrollment of nurses peaks at 115,000, Nigeria ready to outsource medical personnel to the world – TMV

May 10, 2025
Next Post

NCS disagrees with CBN over e-valuator, e-invoicing policy

Jaiz Bank expands with new branches

Emefiele explains Naira stability at I&E window

Recommended Stories

At Saudi summit, Nigeria demands two state solution in  Israel, Palestine crisis

At Saudi summit, Nigeria demands two state solution in Israel, Palestine crisis

November 11, 2024
Nigeria inaugurates committee on metal dump sites

Nigeria inaugurates committee on metal dump sites

August 8, 2022
IPMAN, NUPENG tango over illegal increase in petrol price

IPMAN establishes taskforce against adulteration of products

September 1, 2023

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
  • NCC sets fresh operational fees, spectrum prices for telecom operators

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

    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

  • Nigeria First policy, unique, revolutionary – TMSG
  • Group seeks action against the menace of fake news, deliberate falsehood
  • Nigeria’s upgrade of health centres, a major milestone in Renewed Hope Agenda

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

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

© 2025 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