CBN Governor Godwin Emefiele/Photo: AFP

Concise News with agency reports

Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele says Nigeria will soon be self-sufficient in food production.

Advertise With Us

The CBN boss spoke in Isa town, Sokoto State, where he launched the 2016 Wheat planting season on Saturday.

”The journey to make Nigeria self-sufficient in food production, especially rice is being realised.

”This is where the country can feed itself and even have surplus for export,” Emefiele said.

Buhari gets commendation for diversification

He also commended President Muhammadu Buhari for his ongoing efforts to diversify the nation’s economy. The CBN governor believes this would reduce the heavy dependence on oil revenue.

He further said that the president also deserved commendation for allowing the bank to initiate the Anchor Borrowers Programme.

Emefiele also commended Governor Aminu Tambuwal for providing adequate subsidised fertilisers and other inputs to the farmers.

In his response, Tambuwal commended CBN for introducing the Anchor Borrowers Programme. He said that it had provided the needed funds to farmers in the country.

Tambuwal then urged the Federal Government to initiate emergency plans to purchase excess grains from the farmers.

On his part, Governor Atiku Bagudu of Kebbi extolled the programme. He is confident that Nigeria would be self sufficient in rice production by the end of 2016.

Royal commendation

The Sultan of Sokoto Sa’ad Abubakar III also noted that the current laudable efforts of the Federal Government would lead to self sufficiency in food production.

Abubakar also pointed out that this was crucial as food security was next to nothing.