Nigeria: CBN - Local Rice Production Records 70% Increase

13 December 2017

Calabar — The Central Bank of Nigeria (CBN) has stated that the production of rice locally has increased to 70per cent following the introduction of the Anchor Borrowers Programme by the federal government.

Head of Development Finance Department of the Bank, Mr. Chukwudum Nzelu, who disclosed this in Calabar, Cross River State, at the weekend, said before the introduction of the scheme, local rice production stood at 30per cent.

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