The Central Bank of Nigeria (CBN) has unveiled its first maize pyramids as it flagged-off the 2021 maize wet season farming under the Maize Association of Nigeria (MAAN)-CBN Anchor Borrowers’ Programme (ABP) in Katsina State.
The CBN Governor Godwin Emefiele noted that maize pyramids are indeed rare, but the CBN has been able to achieve this through synergy amongst stakeholders and the resilience of farmers.
Maize is one of the priority crops under the Central Banks ABP.
This is due to the crucial role maize plays, as a major staple food item, as well as its role as a significant feedstock for the poultry industry in Nigeria.
Impact of our monetary policy measures will be limited, according to Emefiele “if we do not address some of the structural constraints that limit productivity in key sectors of our economy such as agriculture.”
The CBN at the flag off reaffirmed its support for youths who want to go into agriculture and have put in place several measures to improve access to credit under the Anchor Borrowers Programme and the Agri Business Small and Medium Enterprises Investment Scheme(AGSMEIS).