Post by Trade Coach on Apr 26, 2022 18:14:40 GMT 1
CBN Disburses N42 Billion For Wheat Cultivation In 15 States Of The Federation – What The FGN Is Doing To Curb Wheat Menace In The Country
The CBN has trained more than 250 extension workers with a reach of over 120, 000 farmers
Four seed companies have been commissioned to process 25,000 metric tonnes for the next planting season
The CBN has disbursed N975.61 billion to over 5.42 million smallholder farmers, cultivating 21 agricultural commodities
Wheat has consistently been giving Nigeria difficult times as the country has still not been able to crack the code of cultivation of the produce to a level that will satisfy the local consumers. But the Central Bank of Nigeria (CBN) has said that it has spent about N42 billion to accelerate wheat cultivation across 15 states in the Federation.
The CBN Governor, Mr. Godwin Emefiele, stated this when he was inaugurating the 2021/2022 Brown Revolution Field Day/Harvest in Gabarin Village, Ringim Local Government Area of Jigawa State.
With ‘Brown Revolution’ CBN is looking at self-sufficiency in wheat production and the apex bank has kick started the revolution.
Emefiele, who was represented by Hajiya Sa’adatu Ibrahim, the CBN Controller, Dutse Branch, said that the facility was provided during the 2021/2022 dry season activities, address the challenges in the wheat value chain.
He said that the strategy was anchored on making high yield seed variety available through implementation of local seed multiplication programme, and expanding land for wheat cultivation through collaboration with State and Federal agencies.
According to the CBN Governor, the apex bank through international collaboration seeks to increase the annual cycle for wheat cultivation during wet season activities and promote Good Agronomic Practices (GAP).
“In Nigeria, wheat remains one of the commodities with the highest demand and despite its high demand; Nigeria produces less than 2% of its annual wheat consumption needs.
“In the light of the circumstances faced in wheat cultivation in Nigeria, the bank through its flagship Anchor Borrowers’ Programme (ABP), in 2020, commenced a strategic approach targeted at facilitating import-substitution by promoting self-sufficiency in the wheat value chain,” he said.
The Governor said that this action encouraged improvement in the income of wheat farmers, enabling greater job creation and providing a ready off take for the millers.
Mr. Emefiele also said that the bank trained more than 250 extension workers with a reach of over 120, 000 farmers, in a bid to cascade learning to the farmers in their respective locations through the Good Agronomic Practices (GAP).
According to Emefiele, the CBN in collaboration with Flour Milling Association of Nigeria, identified, validated and cultivated demonstration farms to holistically showcase the improved protocol for wheat farming in Nigeria and the impact of Gap on high yields to farmers.
“Four seed companies have been commissioned to process 25,000 metric tonnes for the next planting season.
“This strategy seeks to reduce wheat importation by 60% in two years and eliminate wheat importation over the long term,” the CBN Governor added.
According to the Governor, the aim is to reduce the gap by at least 15% during the 2021/2022 planting season.
Mr. Emefiele said that the bank equally disbursed N975.61 billion to over 5.42 million smallholder farmers, cultivating 21 agricultural commodities, among other interventions targeted at addressing the financing needs to enhance agricultural value chain.
In his remarks, the Flour Milling Association of Nigeria’s (FMAN) Chairman, Mr. John Coumantaros, said that the association was geared towards providing market for wheat farmers in the country.
“Specifically, we’re establishing procurement centres across 15 Northern states to off take wheat grain from up to 150,000 farmers under the CBN-ABP scheme.”
The states were listed as follows:
Kano
Kaduna
Jigawa
Kebbi
Sokoto
Bauchi
Adamawa
KKatsina
Gombe
Plateau
Taraba
Niger
Yobe
The Chairman of the association said that the they would also cultivate 504 demonstration farms in the states to provide training on GAP to 250,000 farmers under the ABP, while loans will be provided to over 2,000 out-grower farmers in Kano,Jigawa, Sokoto, Kebbi, Kaduna, Bauchi and Gombe states.
Our company is one of the best companies in Agro-Export Business in Nigeria today, we train individuals and corporate organizations on how to do Export Business the right way; if you are interested, please contact the admin of this forum now for further details.
The CBN has trained more than 250 extension workers with a reach of over 120, 000 farmers
Four seed companies have been commissioned to process 25,000 metric tonnes for the next planting season
The CBN has disbursed N975.61 billion to over 5.42 million smallholder farmers, cultivating 21 agricultural commodities
Wheat has consistently been giving Nigeria difficult times as the country has still not been able to crack the code of cultivation of the produce to a level that will satisfy the local consumers. But the Central Bank of Nigeria (CBN) has said that it has spent about N42 billion to accelerate wheat cultivation across 15 states in the Federation.
The CBN Governor, Mr. Godwin Emefiele, stated this when he was inaugurating the 2021/2022 Brown Revolution Field Day/Harvest in Gabarin Village, Ringim Local Government Area of Jigawa State.
With ‘Brown Revolution’ CBN is looking at self-sufficiency in wheat production and the apex bank has kick started the revolution.
Emefiele, who was represented by Hajiya Sa’adatu Ibrahim, the CBN Controller, Dutse Branch, said that the facility was provided during the 2021/2022 dry season activities, address the challenges in the wheat value chain.
He said that the strategy was anchored on making high yield seed variety available through implementation of local seed multiplication programme, and expanding land for wheat cultivation through collaboration with State and Federal agencies.
According to the CBN Governor, the apex bank through international collaboration seeks to increase the annual cycle for wheat cultivation during wet season activities and promote Good Agronomic Practices (GAP).
“In Nigeria, wheat remains one of the commodities with the highest demand and despite its high demand; Nigeria produces less than 2% of its annual wheat consumption needs.
“In the light of the circumstances faced in wheat cultivation in Nigeria, the bank through its flagship Anchor Borrowers’ Programme (ABP), in 2020, commenced a strategic approach targeted at facilitating import-substitution by promoting self-sufficiency in the wheat value chain,” he said.
The Governor said that this action encouraged improvement in the income of wheat farmers, enabling greater job creation and providing a ready off take for the millers.
Mr. Emefiele also said that the bank trained more than 250 extension workers with a reach of over 120, 000 farmers, in a bid to cascade learning to the farmers in their respective locations through the Good Agronomic Practices (GAP).
According to Emefiele, the CBN in collaboration with Flour Milling Association of Nigeria, identified, validated and cultivated demonstration farms to holistically showcase the improved protocol for wheat farming in Nigeria and the impact of Gap on high yields to farmers.
“Four seed companies have been commissioned to process 25,000 metric tonnes for the next planting season.
“This strategy seeks to reduce wheat importation by 60% in two years and eliminate wheat importation over the long term,” the CBN Governor added.
According to the Governor, the aim is to reduce the gap by at least 15% during the 2021/2022 planting season.
Mr. Emefiele said that the bank equally disbursed N975.61 billion to over 5.42 million smallholder farmers, cultivating 21 agricultural commodities, among other interventions targeted at addressing the financing needs to enhance agricultural value chain.
In his remarks, the Flour Milling Association of Nigeria’s (FMAN) Chairman, Mr. John Coumantaros, said that the association was geared towards providing market for wheat farmers in the country.
“Specifically, we’re establishing procurement centres across 15 Northern states to off take wheat grain from up to 150,000 farmers under the CBN-ABP scheme.”
The states were listed as follows:
Kano
Kaduna
Jigawa
Kebbi
Sokoto
Bauchi
Adamawa
KKatsina
Gombe
Plateau
Taraba
Niger
Yobe
The Chairman of the association said that the they would also cultivate 504 demonstration farms in the states to provide training on GAP to 250,000 farmers under the ABP, while loans will be provided to over 2,000 out-grower farmers in Kano,Jigawa, Sokoto, Kebbi, Kaduna, Bauchi and Gombe states.
Our company is one of the best companies in Agro-Export Business in Nigeria today, we train individuals and corporate organizations on how to do Export Business the right way; if you are interested, please contact the admin of this forum now for further details.
