Post by Trade Coach on Apr 27, 2022 22:30:06 GMT 1
CBN To Fund Over 600,000 Hectares Of Maize Production, As Nation’s Output Rises By 16.19% To 12.20 Million Metric Tonnes In 7 Years
The Federal Government of Nigeria (FGN) recently unveiled the 2nd National Maize Pyramids in Kaduna State.
It was revealed that maize yield in Nigeria before 2016/2017 was as low as 1.8 metric tonne per hectare. This was the lowest among the 10 top maize producing countries in Africa.
The country was behind Egypt with yield of 7.7 metric tonnes per hectare of land, and South Africa with yield of 5.3 metric tonnes per hectare.
Incidentally Nigeria’s maize yield is still not more than 2.0 metric tonnes per hectare.
The Central Bank of Nigeria (CBN) has revealed that it is preparing for another wet season maize farming programme with commitment to financing more than 600,000 hectares of land.
Speaking at the occasion of unveiling the Maize Pyramids, the Central Bank Governor, Godwin Emefiele, said that the country’s maize production was 12.2 million metric tonnes from 10.5 million metric tonnes in 2015 when the Anchor Borrowers’ Programme (ABP) started; this is an increase of 16.20%.
The CBN Governor, who was represented by the Director, Development Finance Department of the apex Bank, Mr. Philip Yusuf, said that in 2021 the first Maize Pyramid was showcased in Katsina State with a total of 300 metric tonnes of maize (displayed in 12 pyramids). The produce was eventually released to the market through allocation to major feed mills and large scale poultry farms.
The Governor said that maize yield in Nigeria before 2016/2017 was as low as 1.8 metric tonne per hectare. This was the lowest among the 10 top maize producing countries in Africa. The country was behind Egypt with yield of 7.7 metric tonnes per hectare of land, and South Africa with yield of 5.3 metric tonnes per hectare.
Incidentally Nigeria’s maize yield is still not more than 2.0 metric tonnes per hectare.
The CBN Governor also stated that a total of 245,913 metric tonnes was collected from the 2020 wet and dry seasons’ harvests from selected prime Anchors, out of which a total of 232,898.55 metric tonnes have been released immediately to major millers.
“The volume of maize in these pyramids before us today is intended to serve as stock for the Strategic Maize Reserve (SMR), he added.
“This increased production was taken from the farmers as repayment for the loans and put in a Strategic Maize Reserve (SMR),” he noted.
“As we prepare for another wet season programme, the Central Bank of Nigeria is committed to financing over 600,000 hectares of farm land. Our strategy is hinged on improving productivity by providing more funding for the Anchors to enable them utilize high quality inputs and good agronomic practices to boost output.
“Bringing recent happenings globally into perspective, two (2) of the top ten exporters of maize (Argentina and Brazil) experienced droughts in 2021, while another two (Ukraine and Russia) are at war. This will certainly impact on maize supply globally and drive prices northwards.
“Consequently, we have planned a more robust and timely wet season to commence in April 2022 for maize and other key commodities like, rice, wheat, cassava, sorghum and soya beans to mitigate the impending food crisis occasioned by the crisis in Russia and Ukraine.” He said.
Enough of the stories about pyramids and other strategic maize reserve and other issues; what we really supposed to be discussing is the reason why Nigerian maize yield is so low, as far as the yield is so poor no matter the efforts and investments, the country will not make significant progress in maize production.
Some few months ago in 2021, farmers, experts and other stakeholders gathered both physically and on Zoom for a conference to discuss “Much more maize.”
The event was organized by Bayer Nigeria Limited, the maize conference is an annual event that brings together stakeholders in the maize value chain to discuss challenges and proffer solutions towards maximizing maize production by farmers in the country.
We of this forum are still waiting to see the results from all the activities by the government towards increasing the yield of maize in the country.
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 Federal Government of Nigeria (FGN) recently unveiled the 2nd National Maize Pyramids in Kaduna State.
It was revealed that maize yield in Nigeria before 2016/2017 was as low as 1.8 metric tonne per hectare. This was the lowest among the 10 top maize producing countries in Africa.
The country was behind Egypt with yield of 7.7 metric tonnes per hectare of land, and South Africa with yield of 5.3 metric tonnes per hectare.
Incidentally Nigeria’s maize yield is still not more than 2.0 metric tonnes per hectare.
The Central Bank of Nigeria (CBN) has revealed that it is preparing for another wet season maize farming programme with commitment to financing more than 600,000 hectares of land.
Speaking at the occasion of unveiling the Maize Pyramids, the Central Bank Governor, Godwin Emefiele, said that the country’s maize production was 12.2 million metric tonnes from 10.5 million metric tonnes in 2015 when the Anchor Borrowers’ Programme (ABP) started; this is an increase of 16.20%.
The CBN Governor, who was represented by the Director, Development Finance Department of the apex Bank, Mr. Philip Yusuf, said that in 2021 the first Maize Pyramid was showcased in Katsina State with a total of 300 metric tonnes of maize (displayed in 12 pyramids). The produce was eventually released to the market through allocation to major feed mills and large scale poultry farms.
The Governor said that maize yield in Nigeria before 2016/2017 was as low as 1.8 metric tonne per hectare. This was the lowest among the 10 top maize producing countries in Africa. The country was behind Egypt with yield of 7.7 metric tonnes per hectare of land, and South Africa with yield of 5.3 metric tonnes per hectare.
Incidentally Nigeria’s maize yield is still not more than 2.0 metric tonnes per hectare.
The CBN Governor also stated that a total of 245,913 metric tonnes was collected from the 2020 wet and dry seasons’ harvests from selected prime Anchors, out of which a total of 232,898.55 metric tonnes have been released immediately to major millers.
“The volume of maize in these pyramids before us today is intended to serve as stock for the Strategic Maize Reserve (SMR), he added.
“This increased production was taken from the farmers as repayment for the loans and put in a Strategic Maize Reserve (SMR),” he noted.
“As we prepare for another wet season programme, the Central Bank of Nigeria is committed to financing over 600,000 hectares of farm land. Our strategy is hinged on improving productivity by providing more funding for the Anchors to enable them utilize high quality inputs and good agronomic practices to boost output.
“Bringing recent happenings globally into perspective, two (2) of the top ten exporters of maize (Argentina and Brazil) experienced droughts in 2021, while another two (Ukraine and Russia) are at war. This will certainly impact on maize supply globally and drive prices northwards.
“Consequently, we have planned a more robust and timely wet season to commence in April 2022 for maize and other key commodities like, rice, wheat, cassava, sorghum and soya beans to mitigate the impending food crisis occasioned by the crisis in Russia and Ukraine.” He said.
Enough of the stories about pyramids and other strategic maize reserve and other issues; what we really supposed to be discussing is the reason why Nigerian maize yield is so low, as far as the yield is so poor no matter the efforts and investments, the country will not make significant progress in maize production.
Some few months ago in 2021, farmers, experts and other stakeholders gathered both physically and on Zoom for a conference to discuss “Much more maize.”
The event was organized by Bayer Nigeria Limited, the maize conference is an annual event that brings together stakeholders in the maize value chain to discuss challenges and proffer solutions towards maximizing maize production by farmers in the country.
We of this forum are still waiting to see the results from all the activities by the government towards increasing the yield of maize in the country.
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.
