CBN Moves To Crash Price Of Rice Through Collaboration With RIFAN


    By KATO P. LADAN, Kaduna

    In an effort to provide adequate food for Nigerians and by extension  the African continent, the Central Bank Of Nigeria (CBN) has expressed rediness to finance agriculture.

    The Controller Central Bank of Nigeria Kaduna State branch, Ahmed Wali gave the assurance  during the 2021 flag off of paddy sales and wet season Anchor Borrower’s Programme (ABP) by Rice Farmers Association of NIgeria (RIFAN) at Farin Gida Mando, Kaduna.

    The programme is aimed at selling rice to the  milling  processors with the intention of reducing the price for the benefit of a common man in Nigeria and beyond.

    Ahmad Mohammed Wali said Central Bank is ever ready to ensure food security and improve rice farming in the country.

    “Is a nation wide program with an intention to provide food on a common man table, that is why central Bank is always ready to ensure there is funds for farmers”, he said.

    A representative of the Director Development Finace of the CBN, Mr. Chika Nwaja, said that the bank has the intention to remove the issue of middlemen from the sales of rice to processors for Nigerians to buy at cheaper prices.

    “Because the marketers are  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 CBN is giving out to processors, now we are saling at N190,000 against the market price that there is a difference of 35,000 Naira.

    In his speach, the National President of the Rice farmers Association of Nigeria (RIFAN), Alhaji Aminu Goronyo, said that all that is taking place at the venue is the CBN that approved it just to move the country forward.

    “With the issue of security, rice farmers are trying to provide rice to the country”.

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

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


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