The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has inaugurated the Gerawa Rice Mill in Kano State.
The state-of-the-art company can process up to 420 metric tons of rice per day.
Speaking at the launch, Emefiele said the company would help produce enough food as per the government’s wishes.
The Governor of the apex bank called on rice mills to work with the farmers’ association to produce edible rice.
He said: “As we increase the milling capacity of rice nationwide, we are encouraging all rice mills to embrace our backward integration programme and get involved in paddy production to guarantee a sustainable supply of paddy to your mills and complement the supply from smallholder farmers.“
mNaija understand that under the CBN-introduced scheme, rice farmers will be given the opportunity to open farms, set up summer farms and have all the necessities of life.
Emefiele says the rice produced in Nigeria will compete with those produced in other parts of the world.
Prior to the launch of Anchor Borrowers in Nigeria, there were only 10 rice milling companies, there are now 60 plus 10 more to open this year.
Addressing the gathering, Governor Abdullahi Ganduje said Kano state was surrounded by dams and rivers, which gave farmers ample opportunity for growing rice, tomato, and other crops.
The Governors of Kebbi and Jigawa, Badaru Abubakar and Atiku Bagudu attended the inauguration of the N15bn Gerawa Rice Mill.