CBN Unveils First Maize Pyramids in Katsina

The Central Bank of Nigeria (CBN) via the Maize Association of Nigeria (MAAN)-CBN Anchor Borrowers’ Programme (ABP) has unveiled the first maize pyramids in Katsina state.

The Governor of the apex bank, Godwin Emefiele also flagged off the 2021 Maize Wet Season Farming to target 500,000 hectares of maize in 2021.

Emefiele explained that Nigeria was committed to attaining self-sufficiency in maize production by 2022, adding that the stable crop was one of the priority crops under the ABP because of the crucial role it plays as a major staple food item and a significant feedstock for the poultry industry in the country.

Emefiele noted that Nigeria had witnessed a remarkable increase in maize production in the past six years with the support of the ABP.

In his words, “Maize pyramids are indeed rare, but we have been able to achieve this through synergy amongst stakeholders and the resilience of our farmers. Success is indeed infectious, and this will surely spur us to do more.

“This event symbolises our commitment towards enabling self-sufficiency in maize production by 2022 in Nigeria,” he added.

The CBN governor further divulged that the apex bank was targeting to support farmers to cultivate over 500,000 hectares of maize in 2021, through its ABP.

This, according to him, would be achieved through synergy between stakeholders and the resilience of farmers.

He also recalled in 2019 the bank’s ABP assisted maize farmers to cultivate about 100,000 hectares, and 250,000 hectares in 2020 adding that it was expected to increase to 500,000 hectares in 2021.

To achieve the foregoing, Emefiele explained that the CBN would introduce among others, the use of high yield seeds and mechanised farming.

He, therefore, urged Nigerian youths to embrace agriculture as means of livelihood adding that the impact of Nigeria’s monetary policy measures will be limited, if it does not address some of the structural constraints that limit productivity in key sectors of the economy such as agriculture.


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