Buhari Inaugurates 1m Bags Of Rice Pyramid, Vows To Secure Food For Nigerians - 9japarrot


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Tuesday, 18 January 2022

Buhari Inaugurates 1m Bags Of Rice Pyramid, Vows To Secure Food For Nigerians

President Muhammadu Buhari on Tuesday in Abuja inaugurated 13 sky-high pyramids consisting of one million bags of paddy rice.

Unveiling the FCT Mega Rice Pyramids at the Abuja International Trade Fair Complex, Buhari said the event showed that the country was making steady and assured progress towards self-sufficiency in food production.

The president expressed the commitment of his administration towards implementing home-grown policies targeted at securing food for all Nigerians.

According to him, the unveiling of the pyramids is a testament to the fact that the Anchor Borrowers’ Programme of the Central Bank of Nigeria (CBN) has started yielding fruitful results.

He urged other agricultural commodity associations that were yet to participate under the Anchor Borrowers’ Programme to emulate the Rice Farmers Association of Nigeria (RIFAN) in supporting federal government’s drive for food self-sufficiency.

He said: “Fellow Nigerians, our gathering here today, is no doubt a testament to the fact that the Anchor Borrowers’ Programme is working.

“Indeed, these sky-high pyramids for which we are gathered here to commission are part of our commitment at achieving national food security and economic diversification through home-grown policies targeted at securing food for all Nigerians.

“As a critical policy of the government, the Anchor Borrowers’ Programme is expected to catalyse the agricultural productive base of the nation,”.

This, he said, was a major part of the  economic plan to uplift the economy, create jobs, reduce reliance on imported food and industrial raw materials, and conserve foreign exchange.

He maintained that, in the implementation of the Programme, adoption of high-yielding seedlings, quality inputs and best farming practices were essential features.

The president recalled that about three years ago, the first set of sky-high pyramids of rice harvests were showcased in Argungu, Kebbi.

Buhari said this was followed by another set in Minna, Niger, last year, and barely three months later in Zauro, Kebbi State, rice pyramids were again unveiled.

“Later, in May 2021 the CBN unveiled the first rice pyramids in the South-West of Nigeria in Ado Ekiti, Ekiti State.

“Those events were historic as, first, they remind us of our yester-year’s agricultural commodity pyramids, such as the groundnut pyramids in Kano and secondly, they symbolize that we can produce what we eat.

“The significance of today’s occasion can be better understood by looking at the various economic strides the administration has achieved through agriculture,” he explained.

He said to achieve this, the Anchor Borrowers’ Programme was designed to encourage investments in agriculture and empower smallholder farmers as drivers of transformation in the agricultural sector.

The president, therefore, expressed delight that the Programme had continued to receive commendations, since its introduction six years ago, as it has become one of the reference points in the administration’s agricultural revolution effort.

According to him, the Anchor Borrowers’ Programme has so far supported over 4.8 million smallholder farmers across the country for the production of 23 agricultural commodities including maize, rice, oil palm, cocoa, cotton, cassava, tomato and livestock

“In fact, the Programme speaks loudly in its giant strides as it has increased access to finance by our rural farmers, who before now were virtually excluded from the financial system.

“Today rice production in Nigeria has increased to over 7.5 Million Metric tons annually. Prior to the introduction of ABP, the average production in Nigeria between 1999 and 2015 was less than four metric tons annually,’’ he said.

The president also expressed the hope that the massive production of rice would translate to reduction in the price of the commodity in the markets across the country.

“I am aware that the bags of paddy will be moving straight from here to rice milling plants across Nigeria, which lead to the release of processed rice to the markets by rice millers.


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