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• Expand operations in southern states, farmers urge CBN
Farmers and their association have called on the Federal Government to use the Central Bank of Nigeria-managed Anchor Borrowers’ Programme (ABP) to deepen food production in the southern states amid insecurity in the north. x
They made the call while commending various interventions of the CBN across the country, especially in rice, maize, cocoa, oil palm, poultry, and cassava production.
As of January 2021, the Central Bank of Nigeria (CBN) claimed it had disbursed N554.61 billion to 2,849,490 farmers to boost food security under its Anchor Borrowers’ Programme (ABP) beginning from 2015.
Mr Godwin Emefiele, the CBN Governor, had earlier explained that out of the amount, N61.02 billion was disbursed to 353,370 dry season farmers.
Dry season farming: Stakeholders speak on deepening food insecurity
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Most small-scale farmers in Nigeria rely on rainfed cultivation and do not have access to adequate water sources to engage in large-scale dry season production, leading to local shortages of important crops and high market prices in the dry season due to the lack of technique to cultivate them when the weather condition becomes harsh.
The unpredictability of rainfall patterns and amount in northern Nigeria implies the need for farmers to engage in dry-season farming to boost their incomes.
With the growing population of the country and the realisation that importation of any major food item will continually drain the country’s external reserves, export its jobs to countries where those food items are produced and the need to be food-secure, President Muhammadu Buhari established a National Food Security Council to address challenges in the country’s food and agriculture sectors.
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