One of the major problems of the Nigerian agricultural sector is the late preparation for production seasons. Interventions usually come to smallholder farmers late at the time their crops have suffered damage or stunted growth. In November, farmers are expected to begin dry season cultivation, but the cost of inputs…
Farmers urge FG to create an enabling environment for them to thrive tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.
CBN plans price crash, releases 50,000MT of maize to Crown-Olam, others The Punch
Published 29 June 2021
The Central Bank of Nigeria has approved the release of 50,000 metric tonnes of maize to 12 major producers from strategic maize reserve under the Anchor Borrowers’ Programme.
According to the CBN, the release of maize to the companies, which is the third of such releases, will reduce the price of grain in the market by checking the activities of middlemen who are hoarding the product and causing artificial scarcity.
The listed recipients of the grains include Premier Flour Mills, Crown-Olam, Grand Cereals, Animal Care, Amobyn Hybrid Feeds, Obasanjo Farms, Zartech, Wacot, Sayeed Farms, Pandagri Novum and Premium Farms.
CBN to crash price of maize as it releases 50,000 MT to 12 companies nairametrics.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nairametrics.com Daily Mail and Mail on Sunday newspapers.