Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has announced the start of rice revolution in Nigeria.
Emefiele said this while inspecting a CBN-supported rice farm under the bank’s Anchor Borrowers’ Programme in Ugboro Bekwarra local government area of Cross River state recently.
We in Central bank do not have foreign exchange to continue to support importation of these items. We need to be able to grow them since our land is fertile; our climate is good to support the growth of these products.
There is no forex and because reserve is down; we need to be able to grow rice in Nigeria to feed ourselves. Not just rice, Cassava, Wheat, palm oil and even poultry products.
Revealing that the CBN has disbursed about N3 billion to the Cross River state government meant to support the Anchor Borrowers’ Farmers that are involved in the programme, Emefiele assured that the apex bank will help more states and individuals that are ready to participate in its Anchor Borrowers Borrowers Programme for rice production.