Kaduna maize pyramids erected to show success of Anchor Borrowers’ Programme
President Muhammadu Buhari will on Thursday unveil a maize pyramid erected in Kaduna by the Maize Association of Nigeria, MAN as his government continues to show off the success of his investments in Agriculture through the Central Bank of Nigeria’s Anchor Borrowers’ Programmes and related interventions.
A Nigeria Today News correspondent in Kaduna reports that the Kaduna maize pyramids have been erected at Eid Prayer Ground, Ungwan Sarki, opposite Arewa House, Rabah Road, Kaduna State, where she counted up to 21 maize pyramids.
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Recall that the Anchor Borrowers’ Programme of the CBN which focuses on commodities with high foreign exchange demand has boosted production output to 11 million metric tons from 10.1 million metric tonnes in 2014.
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The apex bank has through the programme disbursed a total of ₦975.61 billion to over 4.52 million smallholder farmers, who have cultivated 21 commodities across the country for the procurement of inputs and cultivation of maize, rice, and wheat – the three crops that the authorities believe to have significant concerns of foreign exchange demand.
Maize is one of Nigeria’s most important staple foods, with about sixty percent of the maize produced in Nigeria used to manufacture poultry feeds, according to a recent report.