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Buhari to unveil mega rice pyramids in Abuja – CBN



President Muhammadu Buhari will inaugurate the massive Central Bank of Nigeria (CBN) rice pyramids in Abuja on Tuesday.

The Nigerian News Agency reports that the rice mega pyramids project is a collaboration of the Central Bank of Nigeria (CBN) with the Rice Farmers Association of Nigeria (RIFAN).

Information obtained from the official website of the main bank indicated that the pyramids, which it described as the largest in the world, were enabled for the Anchor Borrowers Program (ABP).

He stated that the ABP, since its inauguration in November 2015, had increased the average yield of rice per hectare from 1.8 metric tons to five metric tons, while discouraging imports of the product.

“The ABP has enabled a 95 percent reduction in Nigeria’s annual rice import bill from $1.5 billion in 2015 to $18.5 million.

“It has also created 12.8 million direct and indirect jobs in different value chains and food belts in the country,” he said.

The CBN stated that despite the challenges of flooding during the rainy season, the COVID-19 pandemic, and persistent insecurity in 2020 and 2021, it was still able to work with other stakeholders to inspire farmers to reap a harvest. abundant.

He added that similar pyramids of rice and corn had been discovered in states such as Kebbi, Niger, Gombe, Ekiti, among others.

Meanwhile, some stakeholders have praised the main bank for the ABP initiative and support for farmers.

One farmer, Mr. Abubakar Alli, said the idea of ​​ABP and CBN supporting state governments to boost food production had been encouraging.

“I must congratulate the CBN for their support through the ABP towards rice production in Nigeria and for supporting different state governments to boost production,” he said.

Also praising the initiative, Chinonso Elendu urged authorities to ensure farmers are safe on their farms.

“This is a very good move, but we need to make sure our farmers are safe and crops are affordable for everyone,” he said.

According to Hussein Ibrahim, the inauguration of rice pyramids across the country, signaling increased ability to grow the crop, should also make it cheap and affordable for the common man.

reports that the Abuja Rice Mega Pyramids are located at the Abuja Chamber of Commerce and Industry, Trade Fair Complex, Abuja.

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