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Nigerian Rice Can Compete With Foreign Brands – Emefiele

The Governor of the Central Bank of Nigeria, Godwin Emefiele says Nigerian rice can now comfortably compete with and match foreign brands.

Emefiele stated this on Tuesday in Kano at the inauguration of the Gerawa rice mill with the capacity to produce 420 metric tonnes per day and the flag-off of the 2nd phase which would have the capacity to produce 560 metric tonnes per day.

He said, “As of today, the quality of our milled rice can match the most foreign brand and as Nigerians, we need to become more patriotic and embrace Mr President’s mantra of producing what you eat and eating what you produce.

“The proliferation of our markets by substandard imported rice variety has been curtailed as we now have more Nigerian rice mill in the market with the support of the Customs who clamped down on smugglers.

“Rice remains a major staple food for every Nigerian household and that prominence justifies the attention we have placed on the commodity as a focal part of our food security drive in Nigeria,” Emefiele said.

The CBN Governor noted that Nigeria had increased its integrated mills from 10 to 60 within six years giving credit to the Federal Government’s Anchor Borrowers Program.

“Prior to the anchor borrowers program by President Muhammadu Buhari in 2015, the country had less than 10 functional integrated mills with a combined capacity of less than 350,000 Metric Tonnes.

Punch.

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