The partnership between the CBN and Maize Association of Nigeria through the ABP had produced a total of 300 metric tonnes in 2021, which were displayed in 12 pyramids and released to the market through allocations to food and agro-allied stakeholders.
The apex bank has spent N864 billion on 4.1 million farmers cultivating 5.02 million hectares through the Anchor Borrowers’ Programme so far. The farmers include grain, cereal, cassava, cocoa, yam and sweet potato farmers, among others. Nigeria produces about 12.0 million tonnes of maize, while yearly demand hovers around 20.0 million metric tonnes, fueling hike in price, and productivity of farmers has remained as low as 1.5 to 2.5 metric tonnes per hectare.
By the way, what's the ministry of Agriculture doing to the extends that CBN has taken over their jobs and glories?
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Source: THISDAY LIVE - 🏆 14. / 51 Read more »