President Muhammadu Buhari has urged Nigerians to exercise some patience as the growing food production in the country, especially expansion in rice farming, will eventually bring down prices of food, making it more affordable for all.
The President, spoke at the official commissioning ceremony of Central Bank of Nigeria (CBN)/Rice Farmers Association of Nigeria (RIFAN) Rice Paddy Pyramids at the Abuja International Trade Fair Complex.
He said across Nigeria, more than 4.8 million smallholder farmers had been supported by Anchor Borrowers’ Programme, thus increasing in production of 23 agricultural commodities including maize, rice, oil palm, cocoa, cotton, cassava, tomato and livestock.
According to him, the commissioning of the rice pyramids are an indication that the country is making steady and assured progress towards self-sufficiency in food production
He noted that, about three years ago, the first set of sky-high pyramids of rice harvests were showcased in Argungu, Kebbi State, which was followed by another set in Minna, Niger State about a year ago and barely three months later in Zauro, Kebbi State, rice pyramids were, again, unveiled.
President Buhari said in May 2021, the CBN unveiled the first rice pyramids in the South-West of Nigeria in Ado Ekiti, Ekiti State.
He pointed out that he was delighted that the Anchor Borrowers’ Programme continues to receive commendations, since its introduction six years ago, as it had become one of the reference points in the administration’s agricultural revolution effort.
President Buhari commended the Central Bank of Nigeria for its efforts at resuscitating the Nigerian Commodity Exchange following approval to do so.
Speaking, the CBN Governor, Godwin Emefiele, commended President Buhari’s outstanding resolve on food security for the country, unveiling the single largest rice pyramid in history,
According to the CBN Governor, taking a cue from the success of rice production, the financial regulatory body had commenced the wheat value chain, which produces five to six million tonnes each year.
President of RIFAN, Alhaji Aminu Goronyo, similarly said more than 99 per cent of the paddy rice for the year was already with farmers across the nation, while the bags in 13 pyramids would be sold to further ease and augment production.
President Buhari therefore presented awards to Governors Kayode Fayemi, Ekiti State, Alhaji Atiku Bagudu, Kebbi State, Prof. Ben Ayade, Cross River State, David Umahi, Ebonyi State, Alhaji Abubakar Badaru, Jigawa State, Godwin Emefiele, CBN Governor, Alhaji Aminu Goronyo, President of RIFAN and Yila Yusuf, Director, Development Finance, CBN.
BELLO WAKILI
