CBN Floods Market With 50,000 MT Of Maize

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The Central Bank of Nigeria (CBN), in its bid to moderate and control the prices of maize in the market, has approved the release of 50,000 metric metric

tonnes of maize to 12 major producers, from strategic maize reserve under the Anchor Borrowers’ Programme .

A statement obtained from the CBN showed the listed recipients of the grains as; Premier Flour Mills, Crown-Olam, Grand Cereals, Animal Care, Amobyn and Hybrid Feeds. Others include Obasanjo Farms, Zartech, Wacot, Sayeed Farms, Pandagri Novum and Premium Farms. As part of the bank’s financing framework, Nwanisobi said the CBN would continue to facilitate the funding of maize farmers and processors through the Anchor Borrowers’ Programme commodity association, private/prime anchors, state governments, maize aggregation scheme , and the commercial agricultural credit scheme .

 

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