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CBN to finance agriculture, remove middlemen from rice sales – Official

by Achadu Gabriel, Kaduna

The Central Bank of Nigeria (CBN) has expressed its readiness to finance agriculture, in order to provide adequate food for Nigerians and African countries in general.

The Controller, Kaduna State branch of the bank, Ahmad Mohammed Wali, disclosed this during the 2021 Flag-off paddy sales and wet season Anchor Borrowers Program (ABP) by Rice Farmers Association (RIFAN) at Farin Gada, Mando Kaduna.

Mr Wali said the program is about sale of rice to the rice milling processors with the intention to reduce the price for the benefit of a common people in Nigeria and beyond.

Wali also said that Central Bank is ever ready to ensure food security and improved rice farming in the country.

“It’s a nationwide program with an intention to provide food on a common man’s table; that is why Central Bank is always ready to ensure there is funds for farmers,” he said.

Also speaking, representative of the Director Development Finance of the Central Bank, Mr Chika Nwaja, said the bank has the intention to remove the issue of middle men during the sales of rice to processors for Nigerians to buy at the cheaper price.

“Because the market is the people of the country; with this, Nigerian citizens must get it at affordable price. There is a reduction between the market price and the price that the Central Bank is giving out to processors; now we are selling at N190,000 against the market price with a difference of 35,000 naira,” Nwaja explained.

In his speech, national president of the Rice Farmers Association of Nigeria, Alhaji Aminu Goronyo, said all that are taking place at the venue are provided by the CBN just to move the country forward, adding, “Even with the issue of security, rice farmers are trying to provide rice to the country.”

Amongst those present at the event include representative of the Emir of Zazzau, the Dan Makwayon Zazzau; District Head of Kawo, Alhaji Jibrin Muhammad Sani Magaji that called on government to redouble efforts on tackling the issue of kidnapping and insecurity in the land.

Mr Andy came from the Rice Processor Association of Nigeria; Hajiya A’isha Umar Lere from Unity Bank; Alhaji Bello Dogon Daji, representative of Hajiya Halima Lawal Commissioner of Agriculture Kaduna State, and the state chairman Rice Farmers Association of Nigeria, Kaduna State chapter, Alhaji Mohammed Umar Numbu Dan, Galadimawa Numbu, among others.

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