Daily Trust reports that the release of maize to the companies, which is the third of such releases, is also intended to check the activities of middlemen aimed at hoarding the product and causing artificial scarcity.
The CBN listed recipients of the grains to include Premier Flour Mills, Crown-Olam, Grand Cereals, Animal Care, Amobyn and Hybrid Feeds. Others include Obasanjo Farms, Zartech, Wacot, Sayeed Farms, Pandagri Novum and Premium Farms.
Confirming this, CBN spokesman, Osita Nwanisobi, said the release would crash the price of maize, reduce pressure on the market, and make the product directly available to feed producers, thereby reducing the price of poultry feed.
Nigeria
Nigerian
Osita-nwanisobi
Pandagri-novum
Bello-abubakar
Commodity-association
Borrower-programme
Central-bank
Maize-association-of-nigeria
Anchor-borrower-programme
Premier-flour-mills
Grand-cereals