Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN), will on Tuesday perform the official launch of the Ekiti State rice pyramid project in Ado-Ekiti, the state capital.

Ekiti State Commissioner for Agriculture and Food Security, Mr. Olabode Adetoyi, disclosed this at a news conference ahead of the official launch of the ”Ekiti Rice Pyramid Project” and flag off of the 2021 Wet Season Rice Cultivation, scheduled for Tuesday.

According to the Commissioner, Mr Godwin Emefiele, would perform the inauguration of the rice pyramid project while Gov. Kayode Fayemi, would be the chief host.

Olabode said the state was embarking on the massive production of rice to be able to meet both local and external demands of the product.

He explained that the state government had brought in investors, who were ready to invest in planting and processing of rice, adding that the product would be of high standard and stone-free.

Olabode said, “the Federal Government under President Muhammadu Buhari, had set up the Anchor’s Borrowers Programme (ABP), under the Central Bank of Nigeria (CBN) to provide easy access to credit by farmers and processors at a low-interest rate, among others.

“Top notch rice processing plant like Stallion, Dangote and Jumlar rice were all allocated land in a premium location in Ekiti Knowledge Zone, for quality rice production. Jumlar is nearing completion.

“Land clearing and development of over 5,000 hectares of land for commercial agriculture, out of which 1,000 are cleared for swampy rice along the river banks and valleys in the state. Land Bank Development to guarantee sustainable access to land. Over 40,000 hectares are being made available.”

The commissioner added that the government of Japan has brought in some equipment such as harvesters to provide high-quality rice production in the state.

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