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We Saved N216bn From Rice Import – BOA Published by alfanio(m): 1:15pm On Oct 28, 2017 |
Kunle Falayi
The Bank of Agriculture says Nigeria has saved
over $600m (N216bn) from not relying on rice
import from Thailand and other countries, after the
nation’s domestic mass production increased under
the Anchor Borrowers’ Programme.
The Executive Director, Risk Management and
Finance, Bank of Agriculture, Niyi Akenzua,
disclosed this when he led a delegation of the bank
management on a courtesy call to Oyo State
Governor, Abiola Ajimobi, in Ibadan, on Thursday.
Akenzua said it was worthy of commendation that
the country had committed itself to diversifying from
oil, with emphasis on revitalisation of agriculture.
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According to the Ministry of Agriculture, Nigeria
import bill was $22bn (N7.92tn) as recently as
2016.
Akenzua said it was necessary to enlist the support
and involvement of state governments in the
Anchor Borrowers’ Programme, which, he said, had
freed the country from reliance on importation of
rice.
Akenzua said, “We enjoin Oyo State to participate in
the Anchor Borrowers’ Programme, as we
expanded the scope of beneficiaries. The pilot
scheme was so successful that $600m was saved
from rice importation due to massive rice
production in the country.
“One or two rice millers in Thailand closed down
because Nigeria, which has always been their major
importer, has stopped importing their rice.
“We used to spend $22bn importing food into
Nigeria and with our consciousness that every
square metre in the country is arable land, we felt
that it was not sustainable. Of course, the crash in
crude oil price has forced us back to agriculture.”
In his response, the governor commended the
Minister of Agriculture and Rural Development,
Chief Audu Ogbeh, for what he called the positive
changes he had brought into the agriculture sector
since taking over the ministry.
Ajimobi said that the state was supposed to be the
food basket of the nation if past leaders had seen
agriculture as a major solution to hunger and
economic driver, as well as a main source of
employment for the youth.
According to him, the state is in good stead to be a
major agriculture hub.
It is unclear how much the governor has focused
on agriculture since the inception of his
administration in 2011.
He advised the new management of the BOA to do
all that was humanly possible to sustain the
momentum in its renewed drive to revitalise the
agricultural sector.
http://punchng.com/we-saved-n216bn-from-rice-import-boa/ 1 Like |
Re: We Saved N216bn From Rice Import – BOA Published by maisauki: 7:00pm On Oct 28, 2017 |
although I don't have figures but I can testify to d fact that our rice is now so much demanded and in fair competition with foreign ones...people have really gone into farming since d conscious effort of this present administration hav been geared towards agriculture. one person that farms beside one of my farms said d hectares on which he now cultivates is actually their family land and it's more than 20 years since they last cultivated it 1 Like |
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