President Rice Farmers Association of Nigeria (RIFAN) Aminu Goronyo, says annual rice production in Nigeria has increased from 5.5 million tonnes in 2015 to 5.8 million tonnes in 2017.
Goronyo made this known on Wednesday in an interview with newsmen in Abuja, saying, Nigerians spent not less than N1 billion daily on rice consumption, in 2015, adding that while spending had drastically reduced, consumption had increased because of increased local production of the commodity.
He said, the consumption rate now is 7.9 million tonnes and the production rate has increased to 5.8 tonnes per annum.
The RIFAN president said that the increase was as a result of the CBN’s Anchor Borrowers Programme (ABP) with a total of 12 million rice producers and 4 million hectares of FADAMA rice land.
Goronyo said that the programme since inception had created economic linkage between Small Holder Farmers (SHF) and reputable large-scale processors, thereby increasing agricultural outputs and significantly improving capacity utilisation of processors.