Rice

The Central Bank of Nigeria (CBN) has declared that Nigeria has now become an exporter of rice following the impacts of its several policies and particularly its Anchor Borrowers Programme (ABP), even as it said it was working to boost the industrial capacity of the country.

CBN governor, Godwin Emefiele, who disclosed this while speaking at a seminar for Finance Correspondents and Business Editors with the theme, “Policy Options for Economic Diversification: Thinking Outside the Crude Oil-Box”, on Saturday, noted that the ABP has reversed Nigeria from depending on importing rice to now exporting rice.

“The Central Bank of Nigeria, …