CBN spends N55bn on rice production in 2yrs

The Central Bank of Nigeria (CBN) said it spent N55billion on boosting rice production through the Anchor Borrowers programme in the last two years.


The CBN acting director Corporate Communications, Mr Isaac Okorafor disclosed this at the 25th edition of the Seminar for Finance Correspondents and Business Editors holding in Uyo, Akwa Ibom State. 

He said the programme has been successful, as at least 2.5 million metric tonnes has been added to the already 2.5 million metric tonnes Nigeria was already producing.

He said following the success, CBN will expand the scope of intervention in 2018 to achieve 3.5 million metric tonnes of rice production through the anchor borrowers programme by the end of 2018. 


Don't Let Your PROSTATE Frustrate You! Here's A Better NATURAL Way To Shrink Your Prostate Enlargement! -No Surgery, -No Drugs. Shrink To Normal In Just 15 Days!

Normalize Your Urination And Erection! Just Click To Get It Now!

Download Daily Trust News App

Get it on Google Play
Share this article

Join us on

Share your story with us: 08189301900 (Whatsapp and SMS only) Email:

Complain about a story or Report an error and/or correction: +2348189301900

DISCLAIMER: Comments on this thread are that of the maker and they do not necessarily reflect the organizations stand or views on issues.