Governor says importation of food items promotes poverty
The governor said that production of local rice in the country had declined because of the cheap imported rice.
Adams Oshiomhole
Recommended articles
Oshiomhole said this on Tuesday in Benin at the launch of the Central Bank of Nigeria (CBN) Anchor Borrowers’ Programme.
“With the high cost of the imported rice, the patronage on the local rice has surged.
“This trend has encouraged farmers in the country to return to mass production of the produce.
ADVERTISEMENT
“People are now thinking about past agricultural times in the country and returning to eating our local foods,” he said.
He also said that consumers’ consumption pattern would be rearranged with the process.
He gave assurance that with funding and technical knowhow provided and the process sustained, wealth would return to rural areas.
The governor advised the sponsor of the scheme to ensure its success.
The governor said that cheques for farmers captured in the programme would be distributed before the end of the tenure of his administration.
ADVERTISEMENT
He expressed optimism on the success of the programme.
Earlier, Mr Osha Elijah, Head, Development Finance, CBN said the bank would spend N30 billion nationwide to fund the programme.
Elijah, however, said that the programme in Edo would focus on the production of cassava, maize, oil Palm fruits, rice and livestock production.
He also said that the loan would be on nine per cent interest rate with no collateral, but beneficiaries would cross guaranty themselves.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Anambra residents pour encomium on retiring CP Adeoye
Gov Zulum approves employment of 15 persons with disabilities
4 dead, 70 vehicles burnt in fuel tanker explosion in Rivers
You can't artificially force naira to gain value, Ned Nwoko tells CBN, FG
19 children feared killed by measles complications in Adamawa
Niger Delta youths urge stakeholders to support amnesty program boss Otuaro
Dufil Prima Foods brings relief to indigent families in Abeokuta
World Bank anticipates substantial decline in global food prices by 2025
Yahaya Bello's nemesis, Akpoti tells EFCC to see ex-governor's case to the end
ADVERTISEMENT
![National Security Adviser (NSA), Mallam Nuhu Ribadu [Presidency]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'300'%20height%3D'172'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "National Security Adviser (NSA), Mallam Nuhu Ribadu [Presidency]")