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Friday, September 23, 2016

Anambra can feed Africa - CBN

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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