Skip to content
August 9, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • FG distributes inputs worth N5million to rice farmers in Oyo State
  • National News

FG distributes inputs worth N5million to rice farmers in Oyo State

Admin August 27, 2018

FG distributes inputs worth N5million to rice farmers in Oyo State

FG distributes inputs worth N5million to rice farmers in Oyo State

The Federal Government, through the Central Bank of Nigeria (CBN), on Monday distributed farm inputs worth N5 million to18 rice farmers in Oyo State.
Mr Victor Korede, the Chairman, Rice Farmers Association of Nigeria (RIFAN), Oyo State chapter, did the distribution in Ibadan.
New Agency of Nigeria (NAN) reports that the inputs include chemicals, improved rice seeds, water pumps and special fertiliser for rice production.
Korede said the exercise, which was carried out under the CBN’s Anchor Borrowers’ Programme of the Federal Government, was to boost the production of rice in the state and reduce its importation into the country.
“We selected only 18 in this wet season because we had a communication problem with our service provider; in no distant time we shall work on how to reach other farmers.
“No fewer than 60 farmers benefitted during the dry season; the loan will last for one year.
‘‘Each farmer is expected to produce at least 8 tonnes per hectare in this wet season.
“As we plant now, any moment from November the harvesting will start.
“When farmers harvest they will sell to Rice Farmers Association of Nigeria (RIFAN) who will then sell to millers,” he said.
He urged the farmers to make good use of the opportunity to achieve the goal of improving rice production in the country.
The chairman also implored other rice farmers yet to join the RIFAN to do so to enable them to benefit from the programme.
Also speaking, the Head, Development Finance Office, CBN Ibadan, Mr Bamiji Akinola, noted that the programme which started in November, 2017 was financed by the CBN.
Akinola emphasised that the essence was to achieve food sufficiency in the country and link small holder farmers to big agro-processors.
He said it was a market-driven system whereby the farmers would plant and processors would buy from them.
According to him, the farmers are few during the current season due to non availability of tractable land in the South-West geo-political zone.
“A lot of people including youths are ready to partake but they need land where they can plant.
“So, there is need to create more virgin land to reach more farmers in the scheme,” he said.
One of the farmers, Mr Anthony Akam, who welcomed the gesture, however, requested for more inputs to improve production.
“We are happy with this but would have preferred them to give us more inputs and distribute them in time.
“The wet season starts between June and July, this is August ending now, the inputs we plant now are already late and should have been done in June or July.
“However, we still thank them for the gesture,” Akam said.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: CBN CBN’s Anchor Borrowers’ Programme Central Bank of Nigeria. Federal Government Oyo State rice farmers Rice Farmers Association of Nigeria RIFAN

Post navigation

Previous LASG awaits FG’s approval on reconstruction of Okoko-Seme expressway
Next Human rights Lawyer drags Imo Government to court for alleged contempt

Related Stories

147 structures to be affected by coastal highway service lane
  • National News

147 structures to be affected by coastal highway service lane

August 9, 2026
Nigeria’s 400 remaining elephants face fight for survival — Conservationists elephant
  • National News

Nigeria’s 400 remaining elephants face fight for survival — Conservationists

August 9, 2026
It’s Fake News: NRS Chairman Adedeji dismisses online report on alleged Frontier Exploration Fund fraud
  • National News

It’s Fake News: NRS Chairman Adedeji dismisses online report on alleged Frontier Exploration Fund fraud

August 9, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

147 structures to be affected by coastal highway service lane
  • National News

147 structures to be affected by coastal highway service lane

August 9, 2026
Nigeria’s 400 remaining elephants face fight for survival — Conservationists elephant
  • National News

Nigeria’s 400 remaining elephants face fight for survival — Conservationists

August 9, 2026
It’s Fake News: NRS Chairman Adedeji dismisses online report on alleged Frontier Exploration Fund fraud
  • National News

It’s Fake News: NRS Chairman Adedeji dismisses online report on alleged Frontier Exploration Fund fraud

August 9, 2026
Kano task force arrests 28, recovers illicit substances Kano
  • National News

Kano task force arrests 28, recovers illicit substances

August 9, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.