CBN gives credit to 200,000 maize farmers | The Nation

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The Central Bank of Nigeria (CBN) has provided credit facilities to more than 200,000 maize farmers to bolster domestic maize production and reduce the price of maize through increased production.

National President, Maize Association of Nigeria , Alhaji Bello Abubakar on Monday confirmed that the CBN had released credit facilities to more than 200,000 farmers who were expected to produce more than 25 million metric tonnes of maize in the 2020-2021 planting season.Abubakar said the credit facilities were being distributed to members along the maize value chain nationwide.

He assured the government, that “farmers would maintain reasonable price” and urged the Federal Government to put in place “mechanism to protect farmers from market triggered shocks”. With the release of 300,000 Mt, it is expected that the prices of maize in the market will drop significantly, thereby increasing demand for the crop and, ultimately, enhancing the gains of maize farmers.

Uche noted that banditry, drought in some parts of the country in 2020 and middlemen were responsible for high price.

 

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We are the real real farmars but we can not benifit some of those credit. Seriously I want works and I have a lot of experience in farming but we fail do to the lack of support, we loss a lot of opportunity

I wish we can see it physically too

Abuessma Dash very good .

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