Business

Ekiti, CBN support rice farmers to boost production

Abiodun Nejo, Ado Ekiti

 The Ekiti State Governor, Dr Kayode Fayemi, has said the state government and the Central Bank of Nigeria are supporting rice farmers to boost production and creation of employment opportunities.

 Fayemi announced that the state government had secured N1.9bn for clearing of agricultural lands across sites in the state.

 He said 1,000 hectares would be cleared for lowland rice production before the end of the year at the cost of N600m to support rice farming.

 The governor, represented by the Commissioner for Agriculture, Chief Folorunso Olabode, during the flag-off of the 2020 wet season planting season and inputs distribution for Rice Farmers Association of Nigeria, Ekiti State Chapter, on Tuesday, lauded the CBN for supporting 1,300 rice farmers in the state with inputs for the season.

 He said, “This programme is being funded and supported by the CBN. It is an Anchors Borrowers Programme; it is funded by the CBN. It is a commodity product investment. We have about 1,300 farmers that are beneficiaries of this CBN support in Ekiti State.

 “The numerous uses of rice (rice cake, biscuits, chips, milk, stripes, etc) and the love for the consumption of the community by all age grades gave it a pride of place among other commodities; hence, the federal and state governments’ massive support for RIFAN to produce sustainable rice for local consumption and export through ABP.”

 The governor implored the beneficiaries to make the best use of the inputs collected for sustainable rice production for economic prosperity in the state.

 The CBN representative, Kola Oyedokun, said the bank initiated the programme to support farmers to increase production capacity, adding that the bank had also made marketing of the end product easy for beneficiaries

Source: punchng.com