Emefiele to launch Ekiti rice pyramid project Tuesday

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By: AgroNature Admin

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, will on Tuesday officially launch the Ekiti State rice pyramid project in Ado-Ekiti.

This was even as the state disclosed plans to embark on massive rice production so as to be able to meet both local and external demands of the product.

The State’s Commissioner for Agriculture, Dr Olabode Adetoyi, made the disclosure while speaking with journalists at the weekend.

He disclosed that the state was planning for the production of over one million metrics tonnes of rice within the next few years.

According to him, the state government had brought in investors, who were ready to invest in planting and processing of rice, adding that the product would be of high standard and stone-free.

He explained that about 23 new investors have been allocated lands to plant rice, cocoa and palm oil, among others to boost the State’s economy.

“the Federal Government under President Muhammadu Buhari, had set up the Anchor’s Borrowers Programme (ABP), under the Central Bank of Nigeria (CBN) to provide easy access to credit by farmers and processors at a low-interest rate, among others.

“Top notch rice processing plants like Stallion, Dangote and Jumlar rice were all allocated land in a premium location in Ekiti Knowledge Zone, for quality rice production. Jumlar is nearing completion.

“Land clearing and development of over 5,000 hectares of land for commercial agriculture, out of which 1,000 are cleared for swampy rice along the river banks and valleys in the state. Land Bank Development to guarantee sustainable access to land. Over 40,000 hectares are being made available,” he said.

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