The Governor of the Central Bank of Nigeria CBN, Godwin Emefiele has disclosed that the apex bank has disbursed about 700 billion naira, under the CBN-ABP to farmers across the country with focus on 21 crops.
Speaking in Ado Ekiti on Tuesday, the CBN Governor explained that the massive rice pyramids being launched in Ekiti State were harvested from various fields across the state and neighbouring states owned by rice farmers under the ABP and also serve as a confirmation to the success of the programme.
He said that the bank would like to see more Nigerian youths embrace mechanised farming as a sure way to become millionaires assuring that the CBN would readily assist.
Emefiele who lauded the Ekiti State Government’s partnership with Promasidor in the resuscitation of the Ikun Diary Farm billed to commence production of 10,000 litres of milk per day, said the project got the support of the CBN to the tune of $5 million.
Also speaking at the launch, Ekiti State Governor, Dr Kayode Fayemi said that his administration would utilize the Central Bank of Nigeria (CBN)’s Rice Anchor Borrowers Programme (ABP) to increase its annual rice production from 34,700 to 1.5 million metric tonnes.
The CBN-ABP, according to the Governor would generate no fewer than 12,000 jobs for rice farmers, who, would in turn, create additional 50,000 jobs in full production across the rice value chain within a year.
Dr Fayemi who inspected some of the farm inputs displayed at the venue, commended President Muhammadu Buhari for demonstrating relentless commitment to transforming agricultural sector in enhancing food production and food security in the country.
Dignitaries at the ceremony included, Governors of Ondo, Osun, Oyo, Kebbi and Jigawa States, the Chairman, Presidential Initiative on Fertiliser, Badaru Abubakar and the National President, Rice Farmers Association of Nigeria, Alhaji Aminu Goronyo represented by his deputy, Segun Atho