Nigeria to be self sufficient in food production soon, says Emefiele

Nigeria to be self sufficient in food production soon, says Emefiele

The Governor of the Central Bank of Nigeria (CBN) Mr Godwin Emefiele, says Nigeria is on the verge of being self sufficient in food production.

Newsmen reports that Emefiele spoke in Isa town, Sokoto State, on Saturday when he launched the 2016 Wheat planting season.

“The journey to make Nigeria self sufficient in food production, especially rice is being realised.

” This is where the country can feed itself and even have surplus for export,” he said

Emefiele also commended President Muhammadu Buhari for his ongoing efforts to diversify the nation’s economy from heavy dependence on oil revenue.

He further said that the president also deserved commendation for allowing the bank to initiate the Anchor Borrowers Programme.

Emefiele commended Gov. Aminu Tambuwal for providing adequate subsidised fertilisers and other inputs to the farmers.

Tambuwal commended CBN for introducing the Anchor Borrowers Programme, saying that it had provided the needed funds to farmers in the country.

Tambuwal called on the Federal Government to come up with emergency plans to purchase excess grains from the farmers.

He also raised the alarm the massive exportation of grains from Nigeria portends great dangers to Nigeria’s future food security.

Also, Gov. Atiku Bagudu of Kebbi extolled the programme, saying that Nigeria would be self sufficient in rice production by the end of 2016.

The Sultan of Sokoto, Alhaji Sa’ad Abubakar III, also noted that the current laudable efforts of the Federal Government would lead to self sufficiency in food production.

Abubakar also pointed out that this was crucial as food security was next to nothing.

The Managing Director of the Bank of Agriculture, Prof. Danbala Danju, said that the country is facing some existential threats.

” The population of the country is growing rapidly without corresponding increase in food production,” he said.

Danju, who called for the urgent repositioning of the bank, hailed President Buhari for diversifying Nigerian economy away from oil.

Nigerian Online Newspaper=


follow us on twitter @aljazirahnewsng
Like us on Facebook @aljazirahnewsng

Share This:

Related Posts

Nigerians Trade N1.3bn Bitcoin On 13 Platforms Weekly Despite warnings by regulators and legislators, Nigerians have continued to invest in crypto currency, trading up to N1.38 billion across 13 local crypto-currency exchanges in the country. However, analysts have urged government to embark on smart regulatory tactic in controlling the surge in the...
Nigeria Floats $2.5Billion Dual Eurobonds The Federal Government has floated 2.5 billion dollars aggregate Eurobonds under its Global Medium Term Note Programme. A statement obtained from the website of Debt Management Office (DMO) on Friday in Abuja, said that the bonds comprised 1.25 billion dollars 12-year series and 1.25 billion doll...
CBN Boosts Foreign Exchange Market With $210m The inter-bank Foreign Exchange Market has received 210 million dollars from Central Bank of Nigeria (CBN) to meet customers’ requests in various segments of the market. The CBN acting Director, Corporate Communications, Mr Isaac Okorafor, said 100 million dollars was sold to authorised dealers in ...
CBN injects $326M into Forex Market Central Bank of Nigeria on Friday said it had injected $325.64 million into the interbank foreign exchange market as part of efforts to boost liquidity and reduce dollar shortages. Nigeria, an OPEC member which has Africa’s largest economy, fell into recession in 2016 largely due to low crude oil...
FG releases much-awaited economic recovery plan, wants oil a... The federal government has finally released its economic recovery and growth plan (ERGP), which has been in the works since 2016. The document seen by TheCable is a medium term plan aimed at revamping the economy between 2017 and 2020. “The ERGP differs from previous plans in several ways. Fir...
Low turnout mars attempt to hold ‘Occupy CBN’ pr... By Mariam Sanni, Amina Isah , Abuja A protest march against the Central Bank of Nigeria (CBN), on the state of the nation’s foreign exchange and the economy at large billed to hold on Friday did not take place as planned The convener of the protest march, Mr Deji Ayanju had arrived at the ...
FCT police command warn group against planned anti-CBN prote... The FCT Police Command has warned “OccupyCBN’’, a Non-Governmental Organisation against its planned protest at the Central Bank of Nigeria (CBN) Headquarters, Abuja on Friday.   A statement issued by the Spokesman of the command, ASP Anjuguri Manzah, said that the group had not written to...
We will create 1m jobs through agric by 2021- Emefiele Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the bank would have created about one million direct and indirect agriculture processing jobs via its Anchor Borrowers’ Programme (ABP) by 2021. Speaking in Jibia, Katsina state, at the formal flag-off of the rice dry season far...
After Aljazirah’s unrelenting investigations, FG finally pay... By Amina Isah, Abuja After an elaborate investigation by Aljazirahnews reporters detailing the refusal of the authorities to release a 12 months’ salary arrears owed many federal pensioners despite their plaintive pleas, the funds have finally been released to the senior citizens who have been tr...
Forex: Travelex, FBN begin sale in Abuja, Kano, PH, — BDC op... Liquidity challenges in Abuja and environs will ease further as Travelex and First Bank begin the sale of Forex to BDCs in the north, the News Agency of Nigeria (NAN) reports. Alhaji Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON), disclosed this to NAN in a...
Police arrest suspected kidnappers of CBN governor’s wife The Nigeria Police Force on Monday said it had arrested nine suspected kidnappers of the CBN governor’s wife, Mrs Margret Emiefele. The suspects are: Lance corporal Musa Maidabra, 28, Lance corporal Edwin George, Ernest Uduefe, 32, and Mohammed Abubakar, 29, gang leader. Others are: Mohammed M...
5,000 wheat farmers register for CBN anchor borrower program... The Wheat Farmers Association of Nigeria (WFAN) in Kano State said it had so far registered no fewer than 5, 000 wheat farmers for the CBN anchor borrower programme in the state. The state WFAN Chairman, Alhaji Faruk Rabiu disclosed this in an interview with the News Agency of (NAN) in Kano on Sa...
I cannot be intimidated – Godwin Emefiele The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele said that no amount of intimidation will make him stop performing his duties effectively to Nigerians. He said this in a statement while reacting to the release of his wife, Mrs Margaret Emefiele who was on Thursday abducted by gunme...

Tags assigned to this article:
CBNEmefiele