FG, Emefiele, Governors Elated As Local Rice Production Hits 9m MT
FG, Emefiele, Governors Elated As Local Rice Production Hits 9m MT
The President of Nigeria, General Muhammadu Buhari, the Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, state governors, ministers, rice farmers, and other players in the rice value chain have expressed joy that local production has increased from about 5.4 million metric tons in 2015 to over 9 million metric tons in 2021, under the Anchor Borrowers’ Programme (ABP). THE SUN reports.
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Speaking while unveiling the Abuja rice pyramid on Tuesday, the President noted that the production expansions have not only made Nigeria the largest rice producer in Africa, but has also unlocked enormous private sector investment in the rice value chain as the number of Integrated Rice Mills grew astronomically from six in 2015 to over 50 in 2021; with many more at various stages of completion. Information Guide Nigeria
“The Anchor Borrowers’ Programme has so far supported over 4.8 million smallholder farmers across Nigeria for the production of 23 agricultural commodities, such as maize, rice, oil palm, cocoa, cotton, cassava, tomato, livestock, among others”. jamb results
“Before my administration launched the ABP, there were only 15 standard rice mills in Nigeria. As at today, we have over 50 standard and integrated rice mills in Nigeria, creating jobs and reducing unemployment in Nigeria. We expect additional significant output when the two new mills are established in Lagos and Kastina. I am also aware that, because of the large margins in this business, more people are showing interest in investing in our agribusiness.
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