Close Menu
Chronicle.ng
    Trending Stories
    Chelsea signs Adarabioyo from Fulham on free transfer

    Chelsea’s Adarabioyo considering future with Super Eagles

    June 25, 2025
    Supreme Court reinstates Anyanwu as PDP national secretary

    PDP reinstates Wike ally, Samuel Anyanwu, as national secretary

    June 25, 2025
    MultiChoice slashes DStv decoder price by 50% amid falling subscriptions

    MultiChoice slashes DStv decoder price by 50% amid falling subscriptions

    June 25, 2025
    Facebook X (Twitter) Instagram
    Trending
    • Chelsea’s Adarabioyo considering future with Super Eagles
    • PDP reinstates Wike ally, Samuel Anyanwu, as national secretary
    • MultiChoice slashes DStv decoder price by 50% amid falling subscriptions
    • Border fencing: In support of General CG Musa, by Bright Okuta
    • ‘No court order’, Obi fumes over demolition of brother’s property in Lagos
    • Tinubu hails Sanwo-Olu at 60, urges push on Lagos mega projects
    • Alia condemns killing of Kano travellers in Benue, orders arrest
    • Mob kill two Kano travellers in Benue
    Facebook X (Twitter) Instagram
    Chronicle.ngChronicle.ng
    Subscribe
    Wednesday, June 25
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle.ng

    Nigeria begins rice exportation in 2017

    Chronicle EditorBy Chronicle EditorNovember 30, 2016No Comments2 Mins Read
    Facebook Twitter Telegram WhatsApp
    Facebook Twitter WhatsApp
    Godwin Emefiele, CBN Governor
    Godwin Emefiele, CBN Governor

    The Central Bank of Nigeria, (CBN) on Tuesday said it’s Anchor Borrowers Programme for the promotion of Agriculture had set the country to begin exportation of rice by 2017.

    NAN reports that 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.

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    IPOB rejects Tinubu's 'absurd land grabbing' ranching proposal

    IPOB rejects Tinubu’s ‘absurd land grabbing’ ranching proposal

    NNPCL hikes petrol price to N945 in Abuja, N915 in Lagos

    NNPCL hikes petrol price to N945 in Abuja, N915 in Lagos

    Dangote Refinery

    Dangote refinery raises petrol ex-depot price to N880/litre

    CBN petitioned by Bank customers over excess charges

    CBN petitioned by Bank customers over excess charges

    Guaranty Trust Bank (GTBank) will join other banks in implementing a new billing model for Unstructured Supplementary Service Data banking transactions on Wednesday (today).

    GTBank begins N6.98 USSD fee deduction via airtime

    NNPCL eyes 2m bpd crude oil output by December

    Nigeria spends N1.2tn on crude oil imports amid low domestic supply

    Add A Comment
    Leave A Reply Cancel Reply

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    Chelsea signs Adarabioyo from Fulham on free transfer

    Chelsea’s Adarabioyo considering future with Super Eagles

    June 25, 2025
    Supreme Court reinstates Anyanwu as PDP national secretary

    PDP reinstates Wike ally, Samuel Anyanwu, as national secretary

    June 25, 2025
    MultiChoice slashes DStv decoder price by 50% amid falling subscriptions

    MultiChoice slashes DStv decoder price by 50% amid falling subscriptions

    June 25, 2025
    Border fencing: In support of General CG Musa, by Bright Okuta

    Border fencing: In support of General CG Musa, by Bright Okuta

    June 25, 2025
    Peter Obi in the ruins of the demolished property

    ‘No court order’, Obi fumes over demolition of brother’s property in Lagos

    June 25, 2025
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2025 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.