President Buhari To Launch CBN’s Rice Pyramids
President of Nigeria, General Muhammadu Buhari (rtd) will on Tuesday unveil the Central Bank of Nigeria (CBN)’s huge Rice Pyramids in Abuja. BLUEPRINTS reports.
The rice pyramids project is a partnership of the CBN with Rice Farmers Association of Nigeria (RIFAN). Information Guide Nigeria
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Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to CanadaInformation obtained from the apex bank’s official website stated that the pyramids, which it described as the largest in the world, were enabled by the CBN’s Anchor Borrowers Programme (ABP).
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“The ABP has enabled 95 per cent reduction of Nigeria’s annual rice import bill from 1.5 billion dollars in 2015 to 18.5 million dollars.
” It has also created 12.8 million direct and indirect jobs across different value chains and food belts of the country”.
The CBN said in spite of the challenges of flooding during the wet season, the COVID-19 pandemic and lingering insecurity in 2020 and 2021, it was still able to work with other stakeholders to inspire farmers to reap a bountiful harvest.
It added that similar rice and maize pyramids had been unveiled in states like Kebbi, Niger, Gombe, Ekiti, among others. jamb results
A farmer, Abubakar Alli, said the idea of the ABP and CBN supporting state governments to boost food production had been encouraging.
“I must commend the CBN for its support through the ABP, toward rice production in Nigeria and supporting different state governments to boost production,” he said.
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