Rice production 29 rice farmers cluster groups in abia get grant from cbn

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Title: 29 Rice Farmers' Cluster Groups in Abia Get Grant from CBN

Summary: The Central Bank of Nigeria (CBN) has disbursed a grant to 29 rice farmers' cluster groups in Abia State, as part of its efforts to boost rice production in the country. The grant, which is worth millions of naira, is aimed at supporting small-scale rice farmers in the state to increase their productivity and competitiveness in the market.

Key Points:

  1. The CBN's grant is part of its Anchor Borrowers' Programme (ABP), which is designed to support small-scale farmers in the country.
  2. The 29 rice farmers' cluster groups in Abia State are among the beneficiaries of the grant, which is worth millions of naira.
  3. The grant is expected to support the farmers in increasing their rice production, improving their yields, and enhancing their competitiveness in the market.
  4. The CBN's ABP is a key initiative aimed at promoting agricultural development in the country, and the grant to the rice farmers in Abia State is a step towards achieving this goal.
  5. The grant is expected to create jobs, improve the livelihoods of the farmers, and contribute to the growth of the agricultural sector in the state.

Impact:

  1. The grant is expected to increase rice production in Abia State, which will help to reduce the country's reliance on imported rice.
  2. The grant will also create jobs and improve the livelihoods of the farmers, which will have a positive impact on the local economy.
  3. The grant will also enhance the competitiveness of the farmers in the market, which will help to increase their income and improve their standard of living.

Overall, the grant from the CBN to the 29 rice farmers' cluster groups in Abia State is a positive development that is expected to have a significant impact on the agricultural sector in the state and the country as a whole.