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Nigeria to begin Rice Exportation by 2017 – CBN



CBN Governor, Godwin Emefiele

CBN Governor, Godwin Emefiele

The Central Bank of Nigeria (CBN) on Tuesday said it’s Anchor Borrowers Programme for the promotion of Agriculture had set the country to begin exportation of rice by 2017.

The Anchor Borrowers Programme of  the CBN and the Presidential Committee on Rice Production launched in July had jointly set the target.

The Acting Director of Corporate Communications of the apex bank, Isaac Okorafor, said this in Yenagoa at a sensitisation workshop for farmers with the theme “Promoting Stability and Economic Development’’.

According to him, farmers in Kebbi, Jigawa, Ebonyi, Sokoto and Cross River states, among others, have already keyed into the programme, resulting in massive rice cultivation.

He said the country would achieve self-sustenance in rice production if the momentum was sustained, adding that the country should commence exportation of locally produced rice by 2017.

Okorafor said Kebbi State had already harvested one million tons of rice, adding that Ebonyi’s harvest had outstripped the earmarked production for the year.

“The development is encouraging and by the end of 2017, we will not only meet our national demand which is between six and seven million tons but have surplus to export.

We must rid ourselves of eating foreign rice that has been stored for over nine years in Thailand, Vietnam and India. Nigerian rice is fresh and healthier.

We should eat Nigerian rice provided for by the CBN Anchor Programme;  50 Kg of local rice is now N8, 000 in Ebonyi. Already, the Abia Government has ordered rice from Ebonyi for Christmas.

What we have done with this programme so far is to create jobs through farming, especially for the unemployed youths.

Nigerian youths must wake up, dust themselves up and join this worthy campaign. Remember that the status of our farmers is now better due to the support they are receiving as a result of government’s policy.

Our currency is weak because we engaged in needless importation of all kinds of food stuffs, including tooth picks; the government is determined to stop this,’’ he said.

The Branch Controller, CBN, Yenagoa, Oke Nwajah, said the state was blessed with rich wet soil that supported rice cultivation.

He therefore, urged the farmers to take pride in farming, adding that the Anchor Borrowers Programme was an intervention to reduce their burden.


  1. Spunky

    November 29, 2016 at 9:01 pm

    Abeg make we hear word. Which rice? Abakaliki rice?!

    • Kosi

      November 30, 2016 at 11:25 am

      Abakaliki rice is very good and healthy. They have mastered the act of removing the stones and chaff. I stopped eating foreign rice as far back as 2014.

  2. Mummybubu

    November 29, 2016 at 9:04 pm

    Just focus on getting it and stop saying it before the wind that blows away the promises made by this government will catch up with it and blow it away. Besides Oga foreign rice still sell for 120 and local rice between 90 and 100 naira

  3. Marlvina

    November 29, 2016 at 10:56 pm

    As we’re exporting rice, please make rice also affordable and available for Nigerians, not just in Ebonyi. Though I really enjoy Abakaliki rice, its nutritious, bt surely not everyone does.

  4. tunmi

    November 29, 2016 at 11:23 pm

    I want to see photos. Heyyyyy, the Nigerian food blogs based in Naija should totally use Abakaliki rice for one of their race-based receipes

    • tunmi

      November 29, 2016 at 11:23 pm

      Recipes. Autocorrect, you dey fall hand oh. If na to point out curse words or Naija slang, you go quick change am

  5. Deji

    November 30, 2016 at 1:20 am

    CBN and their half hazard approach. Why not create a framework for sustainable long term food production and encourage local manufacturing. Our leaders just spring up ideas without a cohesive longterm strategy.

    There is no progress from the plans that the former Minister of Agriculture made under GEJ. Did he leave a framework they could implement and adopt?

    Is CBN now Ministry of Agriculture anyway?

  6. Presh

    November 30, 2016 at 5:49 am

    This must. Be the greatest joke of the century…,ndi ala

  7. Darius

    November 30, 2016 at 6:08 am

    Have you met local demand?

  8. ibiere

    November 30, 2016 at 8:47 am


  9. Toluwalope

    November 30, 2016 at 10:17 am

    CBN and rice importation? smh

  10. rain

    November 30, 2016 at 11:21 am

    let have sufficiency in domestic production first before exporting……we are always in a hurry to export. dont know if this is an image laundering action by the govt

  11. EagleEye

    November 30, 2016 at 11:27 am

    Oga are you Minister of Trade & Investment or are you CBN Governor? Stay in your lane and fix the forex, currency crises, economic policies. I can go on and on Im just angry abeg

  12. NG

    November 30, 2016 at 4:32 pm

    Simple matter. Hello Ebonyi resident? Please confirm you are buying rice for N8k per 50kg bag…and the whole country has not descended on Ebonyi?

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