The Central Bank of Nigeria (CBN), through the Bank of Agriculture (BOA) has presented the Rice Farmers Association of Nigeria (RIFAN) in Oyo State with farm inputs worth N17.8 million.
The state Chairman of RIFAN, Mr Victor Korede, made this known, Monday, in Ibadan.
He stated that about 59 rice farmers received farm inputs for dry season farming, while 100 rice farmers were also expected to get inputs for wet season farming.
Speaking, he noted that the inputs included water pumps with accessories, two bags of NPK and Urea fertilisers each, ten litres of pre-emergent and post-emergent herbicides and two sachets of organic fertiliser to replenish the soil, while other services included farm mapping, extension services and aggregation of harvested produce and insurance by Nigeria Agricultural Insurance Company (NAIC).
“The RIFAN/CBN model is a strategic partnership between the CBN and RIFAN to increase domestic rice production, in support of the Federal Government’s agenda to ban rice importation in 2018.
“The partnership came right on time, as it will surely boost our protection and make our members to sell their produce in a profitable and ready market,” he said.
Korede informed that the scheme would encourage farmers to practice rice cultivation in dry-season and wet-season .
The chairman however encouraged the beneficiaries to resist the temptation of selling the products, advising them to utilise the resources wisely to enable them benefit from other agricultural development programmes of the Federal Government.