Recently, the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, initiated moves to crash the price of maize, a major staple on the dining table of most Nigerians. Part of this audacious measure is the plan to release about 300,000 metric tonnes of the commodity into the market from the strategic reserve of the Anchor Borrowers Programme (ABP).
The plan by the CBN is a follow up to the move by relevant critical stakeholders, working with relevant government and security agencies to put a halt to the inanities of speculators and other middlemen who have been manipulating the market, creating artificial scarcity in the process, hiking prices and making the commodity expensive and almost unaffordable.
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