Friday, June 19, 2026
Freedom Online
  • Home
  • News
    • Foreign
    • Crime
  • Business
  • Politics
  • Health
  • Entertainment
  • Interview
  • Sports
  • Ad Rates
No Result
View All Result
Freedom Online
  • Home
  • News
    • Foreign
    • Crime
  • Business
  • Politics
  • Health
  • Entertainment
  • Interview
  • Sports
  • Ad Rates
No Result
View All Result
Freedom Online
No Result
View All Result

Nigeria to begin rice exportation by 2017, says CBN

Chidi Roberts by Chidi Roberts
November 29, 2016
in Business, Economy, News
0

The Central Bank of Nigeria, (CBN) on Tuesday said its Anchor Borrowers Programme for the promotion of Agriculture is set to begin exportation of rice by 2017.

The Anchor Borrowers Programme of the CBN and the Presidential Committee on Rice Production launched in July had jointly set the target.

The Acting Director of Corporate Communications of the apex bank, Mr Isaac Okorafor, said this in Yenagoa at a sensitisation workshop for farmers.

The theme of the workshop is entitled: “Promoting Stability and Economic Development’’.

According to him, farmers in Kebbi, Jigawa, Ebonyi, Sokoto and Cross River states, among others, have already keyed into the programme, resulting in massive rice cultivation.

He said the country would achieve self-sustenance in rice production if the momentum was sustained, adding that the country should commence exportation of locally produced rice by 2017.

Okorafor said Kebbi State had already harvested one million tons of rice, adding that Ebonyi’s harvest had outstripped the earmarked production for the year.

“The development is encouraging and by the end of 2017, we will not only meet our national demand which is between six and seven million tons but have surplus to export.

“We must rid ourselves of eating foreign rice that has been stored for over nine years in Thailand, Vietnam and India. Nigerian rice is fresh and healthier.

“We should eat Nigerian rice provided for by the CBN Anchor Programme; 50 Kg of local rice is now N8, 000 in Ebonyi. Already, the Abia Government has ordered rice from Ebonyi for Christmas,’’ he said.

He further said: “What we have done with this programme so far is to create jobs through farming, especially for the unemployed youths.

“Nigerian youths must wake up, dust themselves up and join this worthy campaign.

“Remember that the status of our farmers is now better due to the support they are receiving as a result of government’s policy.

“Our currency is weak because we engaged in needless importation of all kinds of food stuffs, including tooth picks; the government is determined to stop this.’’

The Branch Controller, CBN, Yenagoa, Mr. Oke Nwajah, said the state was blessed with rich wet soil that supported rice cultivation.

He therefore, urged the farmers to take pride in farming, adding that the Anchor Borrowers Programme was an intervention to reduce their burden.

Tags: cbnrice
Previous Post

Reps want fuel sold at N70 per litre

Next Post

Ogun Govt immortalises Olaniwun Ajayi

Next Post

Ogun Govt immortalises Olaniwun Ajayi

EFCC

Ofili-Ajumogobia: Court strikes out Judge’s fundamental rights suit, chides EFCC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

https://freedomonline.com.ng/wp-content/uploads/2026/04/VID-20260408-WA0025.mp4
https://freedomonline.com.ng/wp-content/uploads/2025/01/5aeac180-db4e-4e7c-bd37-07ddbf15b053.mp4

Popular Stories

Plugin Install : Popular Post Widget need JNews - View Counter to be installed

Latest Stories

Awujale throne: Crisis deepens as Sunny Kuku, others lambast Olisa, say ‘your letter to Governor Abiodun ‘dishonest, fraudulent, totally irresponsible’

June 19, 2026

APC to boycott Oyo council poll

June 18, 2026
Awujale

Awujale throne: Olisa, kingmakers nominate five princes, send names to Governor Abiodun (see nominees)

June 18, 2026

Salami Dynasty to hold 40 Days prayer for late Shamusideen

June 18, 2026
Oyebanji

Ekiti APC primary dispute: Appeal Court affirms Oyebanji’s candidacy

June 18, 2026

South Africa Hold Czechia 1–1 After Mokoena Penalty in 2026 World Cup Clash

June 18, 2026
Awolowo

Parties are built, not bought, by Babafemi Ojudu

June 18, 2026
Freedom Online

© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.

Navigate Site

  • Home
  • News
  • Business
  • Politics
  • Health
  • Entertainment
  • Interview
  • Sports
  • Ad Rates

Follow Us

No Result
View All Result
  • #13921 (no title)
  • Advert Rates
  • APC ad
  • Archive Sitemap
  • Contact
  • Contact Us
  • Documents
  • Full Width
  • Homepage
  • Ogun State
  • Ogun State banner ad
  • P-A
  • P-A2
  • Privacy policy
  • Sample Page
  • Sample Page
  • Submit an article
  • Welcome

© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.