Close Menu
Chronicle NG
    Trending Stories
    AC Milan sack Allegri after terrible season run

    AC Milan sack Allegri after terrible season run

    May 25, 2026
    Oby Ezekwesili criticising Tinubu and APC over Plateau killings in Nigeria

    Ezekwesili blames politicians over Nigeria’s dwindling democracy

    May 25, 2026
    The Oluwo of Iwo, Oba (Dr.) AbdulRasheed Adewale Akanbi Ilufemiloye, Telu 1, will lead prayers for President Muhammadu Buhari and Governor Rauf Aregbesola of Osun State

    Oluwo dragged to court over exhumation of past kings

    May 25, 2026
    Facebook X (Twitter) Instagram
    Trending
    • AC Milan sack Allegri after terrible season run
    • Ezekwesili blames politicians over Nigeria’s dwindling democracy
    • Oluwo dragged to court over exhumation of past kings
    • Katsina: Ex-gov’s special adviser nabbed for masterminding kidnap
    • Eid-el-Kabir: FG declares Wednesday, Thursday public holidays
    • Wike blames Fubara, says re-contesting negates peace deal
    • Alexx Ekubo to be buried June 18
    • Injured Lamine Yamal included in Spain’s 2026 World Cup squad
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Monday, May 25
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle NG

    Nigeria begins rice exportation in 2017

    Chronicle EditorBy Chronicle EditorNovember 30, 2016No Comments2 Mins Read
    Facebook Twitter Telegram WhatsApp
    Facebook Twitter WhatsApp
    Godwin Emefiele, CBN Governor
    Godwin Emefiele, CBN Governor

    The Central Bank of Nigeria, (CBN) on Tuesday said it’s Anchor Borrowers Programme for the promotion of Agriculture had set the country to begin exportation of rice by 2017.

    NAN reports that the Anchor Borrowers Programme of the CBN and the Presidential Committee on Rice Production launched in July had jointly set the target.

    The acting Director of Corporate Communications of the apex bank, Mr Isaac Okorafor, said this in Yenagoa at a sensitisation workshop for farmers.

    The theme of the workshop is entitled: “Promoting Stability and Economic Development’’.

    According to him, farmers in Kebbi, Jigawa, Ebonyi, Sokoto and Cross River states, among others, have already keyed into the programme, resulting in massive rice cultivation.

    He said the country would achieve self-sustenance in rice production if the momentum was sustained, adding that the country should commence exportation of locally produced rice by 2017.

    Okorafor said Kebbi State had already harvested one million tons of rice, adding that Ebonyi’s harvest had outstripped the earmarked production for the year.

    “The development is encouraging and by the end of 2017, we will not only meet our national demand which is between six and seven million tons but have surplus to export.

    “We must rid ourselves of eating foreign rice that has been stored for over nine years in Thailand, Vietnam and India. Nigerian rice is fresh and healthier.

    “We should eat Nigerian rice provided for by the CBN Anchor Programme; 50 Kg of local rice is now N8, 000 in Ebonyi. Already, the Abia Government has ordered rice from Ebonyi for Christmas,’’ he said.

    He further said: “What we have done with this programme so far is to create jobs through farming, especially for the unemployed youths.

    “Nigerian youths must wake up, dust themselves up and join this worthy campaign.

    “Remember that the status of our farmers is now better due to the support they are receiving as a result of government’s policy.

    “Our currency is weak because we engaged in needless importation of all kinds of food stuffs, including tooth picks; the government is determined to stop this.’’

    The Branch Controller, CBN, Yenagoa, Mr. Oke Nwajah, said the state was blessed with rich wet soil that supported rice cultivation.

    He therefore, urged the farmers to take pride in farming, adding that the Anchor Borrowers Programme was an intervention to reduce their burden.

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    NNPCL opposes Dangote refinery suit, warns against ‘monopoly control’ of fuel market

    NNPCL opposes Dangote refinery suit, warns against ‘monopoly control’ of fuel market

    Rotimi Amaechi

    Amaechi accuses Tinubu of creating hunger to bribe voters with rice

    Dangote refinery IPO demand nears $2bn as Otedola commits $100m investment

    Otedola sells Geregu stake to invest in Dangote refinery

    Dangote refinery IPO demand nears $2bn as Otedola commits $100m investment

    Dangote refinery IPO demand nears $2bn as Otedola commits $100m investment

    Nigeria intensifies airport surveillance over Ebola outbreak fears

    Nigeria intensifies airport surveillance over Ebola outbreak fears

    The Central Bank of Nigeria (CBN) has instructed banks to complete a mandatory cybersecurity self-assessment within three weeks

    CBN retains 26.5% monetary policy rate

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    AC Milan sack Allegri after terrible season run

    AC Milan sack Allegri after terrible season run

    May 25, 2026
    Oby Ezekwesili criticising Tinubu and APC over Plateau killings in Nigeria

    Ezekwesili blames politicians over Nigeria’s dwindling democracy

    May 25, 2026
    The Oluwo of Iwo, Oba (Dr.) AbdulRasheed Adewale Akanbi Ilufemiloye, Telu 1, will lead prayers for President Muhammadu Buhari and Governor Rauf Aregbesola of Osun State

    Oluwo dragged to court over exhumation of past kings

    May 25, 2026
    Katsina: Ex-gov's special adviser nabbed for masterminding kidnap

    Katsina: Ex-gov’s special adviser nabbed for masterminding kidnap

    May 25, 2026
    Tinubu observes Eid-el-Kabir prayers in Lagos

    Eid-el-Kabir: FG declares Wednesday, Thursday public holidays

    May 25, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.