CBN warns maize farmers not to sell farming inputs

Agribusiness

 

The Central Bank of Nigeria, CBN, has warned maize farmers across the country not to sell the farming inputs  it provided but use them for the purpose they are meant – to boost maize production in Nigeria.

The Director Head of Finance Development, CBN, Mr. Ihua Elenwor stated this in Asaba, Delta State during the flag-off of 2020 wet season maize farming with over 2000 hectares land of the Federal Government, Maize Association of Nigeria, MAAN and CBN, Anchor Borrowers Programme held in Ogwashi-Uku, Aniocha South local government area of the state.

“The commitment is that if the farmers are willing to do their part, the CBN is willing to do more in the next season,” he said.

He said: “The Central Bank wants to support smallholder farmers with 166, 000 inputs for farmers that will produce a minimum of four tones of maize in a hectare of land.

Flagging off the planting programme, Delta State Commissioner for Agriculture and Natural Resources, Mr. Julius Egbedi, assured that the State Government would also support the farmers so as to encourage large production of maize for consumption.

Egbedi told the maize farmers that the State Government was out to engage about 5000 farmers in crop production.

Earlier in his remarks, Chairman of MAAN in the State, Mr. Chukwutem Ossai, said: “The Federal Government, MAAN and CBN Anchor Borrowers Programme on maize farming is an initiative of President Buhari to boost maize production by involving the grassroots maize farmers in all local governments in Nigeria to produce enough for local consumption and for export”.

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