CBN Reaffirms Commitment to Boost Nigeria’s Wheat Production
The Central Bank of Nigeria (CBN) has reiterated its commitment to boost the nation’s capacity for improved wheat production by supporting farmers with inputs, technical know-how and off-taking arrangement with the Flour Millers Association of Nigeria (FMAN).
Indeed, the apex bank had intervened in the 2021 wheat planting season by importing heat-tolerant, early-maturing and high-yielding varieties and partnered with the FMAN and wheat farmers to multiply seeds that are capable of increasing productivity of farmers and total production volume yearly.
In a statement, former Executive Director, Lake Chad Research Institute and Coordinator, Monitoring and Evaluation, CBN Anchor Borrowers’ Programme on Wheat Production, Mr. Oluwashina Olabanji, said initiatives to increase wheat production are yielding results, even as price of the produce has skyrocketed following crisis in Ukraine and disruption of international supply chains.
Olabanji had disclosed that CBN imported 13,000 metric tonnes of quality heat-tolerant wheat seeds and 150,000 hectares were cultivated in 16 states of the country between October 2021 and April 2022.
The renowned wheat breeding specialist said with the intervention of the CBN and African Development Bank (AfDB) in wheat production, it would take 10 years of persistence to be wheat self-sufficient.
He said that out of the 150,000 hectares, about 100,000 were meant for grains production to be off-taken by millers, about 50,000 hectares were meant to produce about 250,000 tonnes of seeds needed for cultivation in the 2022/2023 planting season, starting from October 2022.
He disclosed that the National Bureau of Statistics (NBS) had been collating wheat production figures, in partnership with millers and farmers, to arrive at production on data in the period under review.
“Wheat grains harvest expected by the middle of April this year is around 400,000 MT, the largest ever produced in Nigeria,” Olabanji had said.
He said NBS would determine the actual production figures, which might surpass or fall below the expectation.
The ABP scheme, according to him, had empowered wheat farmers with the new heat-tolerant varieties of seeds capable of increasing production per hectare to a minimum of four tonnes per hectare.
He, however, lamented that most farmers were proving dubious as debt recovery is currently between 30 and 36 per cent of the facilities advanced to the farmers.
He disclosed that some farmers had been arrested following their fraudulent activities by selling the produce without paying the ABP loans.
Olabanji said a 100kg bag of wheat is between N40, 000 and N43,000, and a farmer only needs about nine bags to repay the loans.
Part of the efforts to recoup the loans, he said, is that CBN officials had been drafted to work with farmers’ associations to recoup the loans.
Also, AfDB has a 10-year intervention on wheat production in Nigeria and other African countries.
Olabanji said a strategy is being developed to cover about 11 thematic areas spanning from 2022 to 2032 for wheat sufficiency.