Tuesday, 29 November 2016

Nigeria will begin to export rice next year – CBN

The Central Bank of Nigeria, CBN, has stated that with the progress so far recorded through its agricultural financing policies, Nigeria will begin exporting rice to other countries before the end of next year.
This was disclosed on Tuesday by CBN’s Acting Director, Corporate Communication, Mr. Isaac Okoroafor, during a sensitisation/awareness programme for farmers in Bayelsa State on the apex bank’s Anchor Borrowers’ Programme, ABP.
Stating that the CBN’s ABP had started yielding fruits, he said the harvest in rice this year has already exceeded the projections, noting that if the tempo was sustained, by the end of 2017, Nigeria would not only meet its national demands but would export to other countries.
Okoroafor said, “We started a pilot programme in Kebbi State with 78,000 farmers, cultivating an average of one hectare and that was when President Muhammadu Buhari launched the programme in March last year.

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