CBN, Cross River Govt Flag-off 2018 Wet Season

File Photo: Central Bank of Nigeria’s (CBN) Governor, Godwin Emefiele


The Central Bank of Nigeria (CBN) has collaborated with Cross River state government to flag-off the input distribution for 2018 wet season farming in the state and its environs, as part of its resolve to make agriculture a business venture rather than subsistence in the country.

Speaking at the flag off, the governor of the CBN, Godwin Emefiele assured farmers already enrolled under the auspices of Rice Farmers Association of Nigeria (RIFAN), of continuous support with a view to repositioning agriculture both as business venture for employment generation, wealth creation and self-sufficiency in food production.

Represented by CBN’s spokesman, Mr. Isaac Okorafor, Emefiele commended the cross river state Government for its untiring efforts which have started yielding results in terms of awareness among the farmers and provision quality seedlings.

He further noted that over 400,000 farmers have been supported under ABP to cultivate twelve crops like rice, soya, maize, palm produce, cotton cassava among others. He advised genuine farmers to key into the technology driven input distribution system with a view to benefiting from the low interest rate of nine per cent facility.

According to the CBN Governor, the biometric capturing which identified farmers to specific farmland through mapping has eliminated the issue of ‘absentee’ or non-practicing farmers from benefiting from the inputs and other facilities.

On the part of the beneficiaries of the inputs and other facilities under the Bank’s intervention programmes, Emefiele urged them to take repayment terms seriously as that will go a long way in ensuring sustainability of the programmes.

In a remark at the ceremony, the state chairman of RIFAN, Chief John Ettah disclosed that provision of agricultural inputs has greatly encouraged farmers in the state. He noted that it is now possible to cultivate their farmlands all year round with ‘two wet’ and ‘one dry’ season farming. He further hinted that rice farmers in the state have cultivated 20,000 hectares of farmland with an expected average yield of five metric tons per hectare.

Chief Etta also assured farmers favourable market conditions for their produce as off-takers on standby to collect the produce from farmers at and agreed and reasonable price.

The Cross River state governor, Professor Ben Ayade who was represented by the state commissioner for agriculture, Professor Egrinya Eneji reiterated that agriculture remains the channel for sustainable development for Nigeria, hence, the state government was pragmatic in leveraging the value chain opportunities offered by sector. According the governor, various initiatives of the CBN have not only made agricultural practice simple, but very profitable.

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