Central Bank of Nigeria (CBN) approves Business Plans for rice farmers’ in Abia State

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As a measure to boost rice production in Abia State, the Central Bank of Nigeria (CBN) has approved 179 business plans for 29 rice farmers’ cluster groups in the state.

The State Project Coordinator of FADAMA, Mrs Ezinne Otuka made this known at the flag off of the implementation of the FADAMA Additional Financing Project at the Ministry of Agriculture premises in Umuahia, adding that the rice cluster group is made up of 1,200 rice farmers across the state.

Former Commissioner for Agriculture, Chief Uzo Azubuike described the event as dream come true for the State adding that they have concluded plans to provide farmers with necessary inputs in time so as to boost production and eliminate scarcity through agricultural financing.

Azubuike also added that the measure is one of the pillars of development in achieving food sufficiency, generating employment and effectively diversifying the economy and urged farmers to embrace the change to the mechanized and improved system which government is providing for them.