CBN Releases 50,000mt of Maize to Curb Price Arbitrage thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
By James Emejo
Maize farmers have criticised recent agitations by some groups for the importation of the commodity as a “calculated attempt to further hinder maize production” in the country.
The farmers assured that Nigeria “should be able to achieve at least 25 million metric tonnes (MMTs) of maize before the end of the year” going by the current improvement in local production capacity and funding support from the Central Bank of Nigeria (CBN) under the Anchor Borrower Programme (ABP) as well as expectations that the COVID-19 pandemic would be better managed globally going forward.
The farmers also assured that modalities have already been put in place to achieve reduction in the price of maize, which hit the roof in recent times.