The rice pyramid launching, held in Abuja on Tuesday, was received with thanks to President Muhammadu Buhari and the Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele.
Appreciating the gesture that has placed the country as one of the largest rice growers in Africa, no fewer than 106 Coalition of Civil Society Group, CSOs, commended Buhari and Emefiele over the feat.
In a press statement jointly signed by the President, Coalition of Civil Society Groups, Bassey Etuk Williams and 36 other state coordinators in Abuja, he explained that the program has shown that President Buhari agenda on food security is yielding required results.
Williams noted that the rice sufficiency goal was achieved effectively due to the CBN Governor, Godwin Emefiele that introduced the Anchor Borrowers Programme, the ABP initiative, aimed to actualize food security and sufficiency agenda of Mr President.
According to him, the ABP initiative of the CBN has no doubt yielded the expected outcome and encouragement for the diversification agenda of Nigeria’s economy from oil.
He reiterated that the ABP Initiative has helped in increasing bank finance to the agricultural sector, enhanced capacity utilization of Agricultural firms involved in the production and as well improve the well-being of the farmers.
Rice Pyramid
‘’The recently unveiled largest rice pyramid by the President shows that his agenda on food security is yielding required fruits. The rice pyramid would not have been possible if not for the initiative of the CBN Governor, Godwin Emefiele that introduced the Anchor Borrowers Programme to actualize the food security and sufficiency agenda of Mr President.
‘’This is evidently shown in the largest rice pyramid, amidst insecurity in the land, the farmers were still able to utilize the finance to farm. The Anchor Borrower’s programme of CBN has no doubt yielded the expected outcome as we can now talk about diversification of our economy from oil but now Agriculture as the country will soon be on the map of rice exporters to other countries by earning foreign earnings. This rice pyramid reminds us of the groundnut pyramid we used to have in the North.
‘’There is thus a need to celebrate the President and Emefiele for food security and self-sufficiency in rice. The advent of Anchor Borrowers has been able to assist small scale farmers to increase production and supply of feedstock to agro-processors. It’s a loan without collateral to farmers being supervised by CBN, and here we are with the resultant outcome of the input.
‘’Farmers and especially rice farmers have recounted their gains following the output and major achievement of the Anchor Borrower’s Programme of CBN. The programme has increased bank finance to the agricultural sector, has enhanced capacity utilization of Agricultural firms involved in the production and as well as improved the well-being of the farmers.
The CSOs President stated that Emefiele has no doubt changed and transformed the agricultural sector with the results of the various intervention programs in the sector, adding that the increase in banks credit growth was driven solely by the policy of deposit ratio introduced by the CBN Governor.
He stressed that more than five hundred thousand beneficiaries have benefited from the anchor borrowers programme of the CBN, noting that the intervention also spans around youth investment funds, real sector and health sector.
Williams lauded the Rice Farmers Association of Nigeria, RIFAN statement on a possible reduction in the price of rice after the unveiling of the rice pyramid, and also reiterated the agreement with the millers to sell at discounted price for Nigerians.
He assured continuous support to the good initiative of the President and the intervention of the CBN Governor.
He urged the President for more laudable programs to further take the Nigerians away from poverty.
