February 25, 2018

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CBN pledges more support for rice farming

CBN pledges more support for rice farming

The Central Bank of Nigeria (CBN) has pledged to increase its support for rice farming across the country. CBN Governor, Mr. Godwin Emefiele made this promise while inspecting rice farms in Itane, Ketar Fulani and Gwadan Gwaji villages in Kebbi State. Mr. Emefiele, who expressed satisfaction with the yield of farmers that hearkened to the clarion call to embrace farming as a business venture rather than mere subsistence, stated that major objectives of the Anchor Borrowers’ Programme (ABP) had been largely achieved.

According to him, the objectives of the ABP include assisting rural small holder farmers to grow from subsistence to commercial production level, increase capacity utilization, creating jobs, reduce poverty, and increase banks’ finance to agricultural sector among others. Accompanied by the Governor of Kebbi State, Senator Atiku Abubakar Bagudu and the representative of the Minister of Agriculture and Rural Development, Chief Audu Ogbeh, Emefiele said that the ABP was yielding result due to farmers’ access to the correct seedlings, pesticides and fertilizer as well as the support from the State government. He also expressed confidence that the target of ensuring that Nigeria feeds herself would be achieved. Read more

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