The Federal Government of Nigeria(FGN) through the Central Bank of Nigeria (CBN) and Rice Farmers Association of Nigeria (RIFAN) has ordered N3 billion worth of rice seedlings to states in the southern part of the country from Cross River State.
This gives credence to the industrialisation effort of Governor Ben Ayade, who disclosed this at the Rice Seedling and Seed Multiplication Factory along the Goodluck Ebele Jonathan Bypass, Calabar. Ayade, who said he would be a project manager during his second term in office, added: “So, I have N3 billion in my pocket as we speak, and I can say that I have almost recovered my investments in this factory.
Read Also: Germany invests €2m in Nigeria’s rice production
That is smart thinking and that is the way to go.”He added that the factory was his first term project saying: “What we are doing here is to produce high quality and disease resistant seedlings to farmers and we have started reaping from our labour.”
