Agriculture
4.8M Anchor Borrowers’ Programme: President Buhari Assures Nigerians Of Better Prices For Rice


President Muhammadu Buhari Tuesday in Abuja urged Nigerians to exercise some patience as the growing food production in the country, especially expansion in rice farming, will eventually bring down prices of food, making it more affordable for all.
The President, who spoke at the official commissioning ceremony of Central Bank of Nigeria (CBN)/Rice Farmers Association of Nigeria (RIFAN) Rice Paddy Pyramids at the Abuja International Trade Fair Complex, said across Nigeria, more than 4.8 million smallholder farmers had been supported by Anchor Borrowers’ Programme, with increase in production of 23 agricultural commodities including maize, rice, oil palm, cocoa, cotton, cassava, tomato and livestock.
“Today rice production in Nigeria has increased to over 7.5 million metric tons annually. Prior to the introduction of Anchor Borrowers Programme (APB), the average production in Nigeria between 1999 to 2015 was less than 4 metric tons annually.
“I am aware that the bags of paddy will be moving straight from here to rice milling plants across Nigeria, which lead to the release of processed rice to the markets by the rice millers. The measure will aid our efforts at reducing the price of rice in Nigeria.
“Before this administration launched the ABP, there were only 15 standard Rice mills in Nigeria. As at today, we have over 50 Standard and integrated Rice mills creating jobs and reducing unemployment. We expect additional significant output when two new mills are started in Lagos and Katsina,’’ he said.
The President said the large margins in the business of rice had also encouraged more people to show interest in investing in agribusiness.
“Fellow Nigerians, our gathering here today, is no doubt a testament to the fact that the Anchor Borrowers’ Programme is working. Indeed, these sky-high pyramids which we are gathered here to commission are part of our commitment at achieving national food security and economic diversification through home-grown policies targeted at securing food for all Nigerians.
“As a critical policy of the government, the Anchor Borrowers’ Programme is expected to catalyze the agricultural productive base of the nation, which is a major part of our economic plan to uplift the economy, create jobs, reduce reliance on imported food and industrial raw materials, and conserve foreign exchange.
“In the implementation of the Programme, adoption of high-yielding seedlings, quality inputs and best farming practices were essential features.
“For instance, the improved rice seedlings have helped to ensure our achievement of rice sufficiency, as they are disease-resistant and have an average yield of about 5 metric tonnes per hectare, compared with the traditional national average of 1.5 metric tonnes.
“This has resulted in bridging our rice consumption gap, a significant reduction in rice imports, and saved us foreign exchange,’’ he added.
President Buhari said the commissioning of the rice pyramids was an indication that the country was making steady and assured progress towards self-sufficiency in food production, adding: “It is my desired hope and expectation that other agricultural commodity associations that are yet to participate under the Anchor Borrowers’ Programme will emulate the Rice Farmers Association of Nigeria in supporting our administration’s drive for food self-sufficiency.’’
The President noted that, about three years ago, the first set of sky-high pyramids of rice harvests were showcased in Argungu, Kebbi State, which was followed by another set in Minna, Niger State about a year ago and barely three months later in Zauro, Kebbi State, rice pyramids were, again, unveiled.
President Buhari said in May 2021, the CBN unveiled the first rice pyramids in the South-West of Nigeria in Ado Ekiti, Ekiti State.
“Those events were historic as, first, they remind us of our yester-year’s agricultural commodity pyramids, such as the groundnut pyramids in Kano and secondly, they symbolize that we can produce what we eat.
“The significance of today’s occasion can be better understood by looking at the various economic strides the administration has achieved through agriculture.
“When we assumed the reins of leadership of this country in 2015, the administration identified the Anchor Borrowers’ Programme as an essential policy instrument for achieving economic diversification through agriculture.
“To achieve this, the Anchor Borrowers’ Programme was designed to encourage investments in agriculture and empower smallholder farmers as drivers of transformation in the agricultural sector and as critical enablers of economic growth.
“I am indeed delighted that the Anchor Borrowers’ Programme continues to receive commendations, since its introduction six years ago, as it has become one of the reference points in the administration’s agricultural revolution effort.
“In fact, the Programme speaks loudly in its giant strides as it has increased access to finance by our rural farmers, who before now were virtually excluded from the financial system,’’ he said.
President Buhari commended the Central Bank of Nigeria for its efforts at resuscitating the Nigerian Commodity Exchange following approval to do so.
This, he said, had been done in the hope that farmers can have ready buyers of their produce, thereby resolving the current logistical challenge of moving their produce from farm to markets.
“Let me also commend the Governor and staff of the Central Bank of Nigeria, as well as the leadership of the Rice Farmers Association of Nigeria for the successful delivery of these pyramids, which hopefully is just the first of many that will be unveiled this year across Nigeria,’’ the President added.
The CBN Governor, Godwin Emefiele, commended President Buhari’s outstanding resolve on food security for the country, unveiling the single largest rice pyramid in history,
According to the CBN Governor, taking a cue from the success of rice production, the financial regulatory body had commenced the wheat value chain, which produces five to six million tonnes each year.
President of RIFAN, Alhaji Aminu Goronyo, said more than 99 percent of the paddy rice for the year was already with farmers across the nation, while the bags in 13 pyramids will be sold to further ease and augment production.
“There is no adjective to thank you enough for what you have done for this country. You came when the country needed you the most and God knows why.
“You have served the country, and you have worked for the country. Food security is also national security. No President after you will ignore what you have done, especially in food security,’’ the President of RIFAN said.
President Buhari presented awards to Governors Kayode Fayemi, Ekiti State, Alhaji Atiku Bagudu, Kebbi State, Prof. Ben Ayade, Cross River State, David Umahi, Ebonyi State, Alhaji Abubakar Badaru, Jigawa State, Godwin Emefiele, CBN Governor, Alhaji Aminu Goronyo, President of RIFAN and Yila Yusuf, Director, Development Finance, CBN.
Agriculture
ORJI ISRAEL with Agency News


The Board of Directors of the African Development Bank Group (AfDB) has approved a grant of $500,000 from its Special Relief Fund to support Uganda’s Relief Emergency Response Project.
The financing will provide urgent assistance to communities severely affected by floods and landslides in the Bulambuli, Kasese and Ntoroko districts, including the provision of family-size tents to an estimated 1,500 internally displaced persons (IDPs). The goal is to improve living conditions in camps where thousands have sought shelter since the disasters.
From 17-19 August 2025, heavy rains in the Mount Elgon subregion in eastern Uganda flooded the mountainous Bulambuli, Sironko and Mbale districts and triggered landslides in the neighobring Namisindwa district.
Local authorities reported 5 deaths, 50 injuries, and an estimated 2,000 homes damaged or destroyed, with 5,000 displaced and 15,000 impacted in total. In recent years, extreme weather events have displaced families, destroyed infrastructure and disrupted livelihoods across the country’s Rwenzori and Elgon regions, where these districts are located.
“Beyond emergency relief, the project is an investment in dignity, safety, and recovery,” said Mercuria Assefaw, the Bank Group’s Division Manager for Water Security and Sanitation. “Providing decent temporary housing will not only address a priority shelter need and improve living conditions for displaced families, it will also stimulate the local economy through procurement and logistics.”
The Office of the Prime Minister of Uganda will implement the project through the Department of Relief, Disaster Preparedness and Management. By prioritising rapid procurement and efficient delivery, the project will create opportunities for local suppliers and service providers, contributing to the wider recovery of flood-affected communities.
Activities will be completed within six months, ensuring timely relief for those in urgent need of shelter. With this support, the Bank will strengthen Uganda’s humanitarian response and contribute to rebuilding community resilience.
Assefaw added, “This grant reflects the Bank’s solidarity with Uganda. By providing immediate relief, we aim to restore hope and stability as communities continue their journey of recovery.”
Agriculture
Raw Shea Nut Export Ban: a win for Nigeria, West Africa – Stakeholders say


In a landmark move to industrialize Nigeria’s agricultural sector and capture greater value from its natural resources, His Excellency President Bola Ahmed Tinubu has approved a six-month temporary ban on the export of raw shea nuts (Vitellaria paradoxa).
The directive, which takes immediate effect, was conveyed through the Office of the Vice President. His Excellency, Vice President Kashim Shettima, stated, “We are not closing doors, we are opening better ones. Today we plant the seeds of an industry that will yield fruit for decades to come; for our women, for our economy, and for Nigeria’s place in global trade.”
The decision follows a rapid assessment by the Presidential Food Systems Coordinating Unit (PFSCU). The assessment revealed that despite producing nearly 40% of the world’s shea nuts; an estimated 350,000 metric tonnes annually, Nigeria captures less than 1% of the global shea market, valued at $6.5 billion.
This strategic policy is designed to protect and grow Nigeria’s domestic shea industry by halting the annual loss of over 90,000 metric tonnes of raw shea to informal cross-border trade. The ban will secure raw materials for local processors, who currently operate at only 35-50% capacity—boost jobs and incomes in rural communities, and protect a value chain where 95% of pickers and processors are women.
The decision positions Nigeria alongside regional leaders in shea production, including Ghana, Togo, Mali, and Burkina Faso, which have already implemented similar restrictions to develop their local processing industries and retain value within their economies.
Eniola Akindele, Data and Impact Assessment Manager of the Presidential Food Systems Coordinating Unit (PFSCU), underscored the untapped potential in the Shea value chain ‘’Shea has the potential to become Nigeria’s untapped goldmine. Beyond its well-known use in cosmetics, shea is increasingly in demand as a substitute for cocoa in global chocolate and confectionery industries. With the right processing capacity and investment platforms, Nigeria can transform its currently underutilized shea value chain into a billion-dollar industry, one that creates jobs, empowers women, and significantly boosts our foreign exchange earnings.”
Key agricultural stakeholders have hailed the presidential directive as a transformative game-changer for the Nigerian economy.
Architect Kabir Ibrahim, National President of the Nigeria Agribusiness Group (NABG) and the All-Farmers Association of Nigeria (AFAN), stated: “This is a pivotal moment for Nigeria’s agricultural industrialization. For decades, we have exported raw shea nuts only to import the finished products at a much higher cost. This policy corrects that imbalance. It is a strategic imperative that will stimulate investment in local processing facilities, create thousands of jobs for our youth and women in rural communities, and significantly increase our national export earnings from a commodity we are blessed with in abundance. We commend His Excellency, President Tinubu, for this bold and visionary action, and we hope that this initiative is extended to other value chains as well.”
Across the West African corridor, value addition for shea nut has been a big topic. “Regional neighbours such as Ghana, Burkina Faso, Mali, and Togo have already imposed restrictions to protect their industries, leaving Nigeria as the outlier and a hotspot for opportunistic and unregulated buying” says the Minister for Agriculture and Food Security, Abubakar Kyari.
Another stakeholder who chose to remain anonymous emphasized the broader regional significance: “The synchronized action across West Africa is a powerful signal to the global market. Nigeria should not just be suppliers of raw materials; the country should be manufacturers and exporters of finished goods. This collective stance by shea-producing nations will give Africa much needed stronger negotiating power and ensure that the wealth generated from its natural resources benefits its people, communities and economies.”
After a very long time, it appears West African nations are taking a united and collective stand to ensure their resources are managed well for the betterment of the region.
Many of the stakeholders who expressed enthusiasm for the ban are hopeful that this is the beginning of a new trend where value addition is domesticated in Africa, thereby reversing the historic trend of exporting raw materials and importing processed goods.
Others, despite commending the administration’s commitment to value addition, have urged the Government to give more clarity as to the implementation and enforcement of the new policy, to prevent smuggling and other risks.
On the other hand, the government has announced that within the next three months, Nigerian shea butter and oil will have prioritized access into the Brazilian market; an opportunity, if well leveraged, that can bring huge gains to the industry.
Agriculture
Niger State to End Direct Supply of Live Cows, Launch Meat Processing for Southwest Markets


Governor Mohammed Umaru Bago has unveiled a major reform in Niger State’s livestock trade, announcing plans to halt the direct transportation of live cows and goats to markets in Lagos and Ogun states.
Under the new plan, livestock will be slaughtered and processed at Mokwa before being packaged and delivered as frozen products to the Southwest. According to the governor, this will improve hygiene, reduce waste, and ensure farmers capture more value from the livestock chain.
Speaking at the First Bank 2025 Agric and Export Expo in Lagos, Bago explained that value addition was key to reversing losses from exporting raw commodities. He revealed that Niger State had secured a $100 million offtake agreement with the Saudi Export and Import Bank to supply livestock to the Middle East, stressing that every part of the animal—from tripe to hooves—would now be fully utilized.
The governor also disclosed plans to partner with Lagos on LNG-powered cold-chain trucks for modern meat distribution. He emphasized that the initiative would raise meat quality, generate jobs in processing, and contribute to Nigeria’s economic diversification away from oil.
Bago urged banks to back such ventures, warning that nations that continue exporting raw products risk remaining “perpetually broke.”
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