The Central Bank of Nigeria (CBN) has commended the Anambra
State government over what it tagged the
capacities of becoming Africa’s food basket, reports NaijaAgroNet.
The Director, Development Finance Department, CBN,
represented by the bank’s Awka controller, Mr. C.M. Sokari assured the state and
participants at the Anchor Borrowers’ Programme (ABP) in Anambra State, in
Awka, that several intervention programmes have been floated by the government.
NaijaAgroNet recalls that CBN in collaboration with the
Federal Government is diversifying the nation’s economy from crude oil.
The launch of the programme, he said would reposition
agriculture in the country.
“To fund the programme, the CBN had set aside N40 billion
from the N220 billion Micro, Small and Medium Enterprises Development Fund for farmers
at a single-digit rate of nine per cent.
“…Nigeria, as we may all know, is a mjor rice producer with
over 20 key rice producing states in the country most of which cultivate during
both wet and dry seasons. Rice is one crop in which the country has comparative
advantage to easily become self-sufficient, given the huge potentials that
exist.
“The Central Bank of Nigeria has set the ball rolling and
shown commitment to this programme and, therefore, expects that farmers and all
relevant stakeholders in Anambra State would reciprocate by contributing their
very best towards ensuring the successful implementation of this laudable
programme,” he said.
Isaac Oyimah/GEE
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