President Muhammadu Buhari has approved the sum of N600 billion to take advantage of this year’s rainy season and enhance food production.
This was disclosed in a report by NTA news on Thursday evening. The Federal Government said it released the sum in a bid to encourage food security despite challenges to security.
This is coming as Rice Farmers showcased their ability to contribute to the National food production at an event to showcase the effectiveness of CBN’s anchor programme
“Nigeria is expected to produce 60% of the country’s wheat demand under the CBN’s anchor borrowers programme,” the report stated.
What you should know
Nairametrics reported earlier that the Nigeria Hydrological Services Agency (NHSA) warned that Nigeria is inching closer to a peak rainy season and urged states, local governments to embark on precautionary measures to prevent cases of flooding.