Anchor Borrowers’ Programme: Rice farmers become beneficiaries in Oyo


The Federal Government, under the CBN’s Anchor Borrowers’ Programme, has delivered five million naira worth of farm inputs to eighteen rice farmers in Oyo State.

The Chairman, Rice Farmers Association of Nigeria (RIFAN), Oyo State chapter, Mr Victor Korede, who led the delivery in Ibadan said the gesture was to boost the production of rice in the state and minimize importation into the country.

He added that the inputs shared include improved rice seeds, chemicals, water pumps and special fertiliser for rice production.

According to him “We selected only 18 in this wet season because we had a communication problem with our service provider; in no distant time we shall work on how to reach other farmers.”

“No fewer than 60 farmers benefitted during the dry season; the loan will last for one year. Each farmer is expected to produce at least 8 tonnes per hectare in this wet season” He added.

He stressed that “When farmers harvest they will sell to Rice Farmers Association of Nigeria (RIFAN) who will then sell to millers. ”

The chairman urged farmers to take advantage of this opportunity to attain the goal of improving rice production in the country and also employed farmers yet to join RIFAN to do so, so they can benefit from the programme.

On his part, the Head, Development Finance Office, CBN Ibadan, Mr Bamiji Akinola, noted that the programme which started in November 2017 was funded by the CBN.

Akinola emphasised that the programme was a market-driven system and the aim was to achieve food abundance in the country and link smallholder farmers to established agro-processors.

The post Anchor Borrowers’ Programme: Rice farmers become beneficiaries in Oyo appeared first on AgroNigeria.

Source: AgricNews-Update


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