CBN to Support food creation to escape looming food crisis
The Minister of Agriculture, Dr Mohammed Mahmood Abubakar has said that the Anchor Borrowers program of the Central Bank of Nigeria ( CBN) has had the option to close the gap between the stockpile of maize grains by homegrown and modern users.
The Minister who was addressed by the North West Zonal Director Dr Timkat Vontav, talked at the divulging of the Maize Pyramid by President Muhammadu Buhari in Kaduna on Thursday.
The Central Bank of Nigeria( CBN) notwithstanding, said it had arranged a more powerful and ideal wet season to begin in April 2022 for maize and other key grains like rice, wheat, cassava, sorghum, and soybeans to alleviate the looming food emergency occasioned by the war between Russia and Ukraine.
Speaking further, the Minister of Agriculture communicated please “to be welcome to this age making occasion of the Unveiling of Second Maize Pyramid by President Muhammadu Buhari, coordinated by the Maize Association of Nigeria (MAAN) in collaboration with the Central Bank of Nigeria (CBN).”
As indicated by him, “it is another steady achievement speculation accomplishing one of the central goals of this organization which is for Nigeria to be food sufficient.
“There is no question the revealing of this pyramid would recount to the great tale about Nigerian maize ranchers with the help of Mr President through different help projects, for example, Anchor Borrowers program of CBN has had the option to close the hole between the stockpile of maize grains and its an interest by homegrown and modern clients.
The constant endeavors and backing of the organization by President Muhammadu Buhari to broaden the economy through Agriculture which contributes practically 30% of the Gross Domestic Product (GDP) is being seen here today.”
