Founded on 7th July, 2019 by Arc. Bilal Abdullahi, a graduate of Bayero University Kano. BUKdaily aims to provide Nigerian students with a comprehensive resources encompassing daily news, campus updates and academic updates from Nigeria universities.

Sunday, January 19, 2020

CBN to Fund Rice Production, Processing in Bayero University, Kano

  Bilal Abdullahi       Sunday, January 19, 2020

Rice production

Impressed by the resilience and commitment of Bayero University, Kano, to complement the effort of the Federal Government in boosting food production in Nigeria, the Central Bank of Nigeria (CBN) has indicated strong interest to fund rice production and processing in the University.

Bayero University will be the first university in Nigeria to blaze the trail in rice production and processing in commercial quantity. The Central Bank and management of BUK have begun talks on how to develop a comprehensive blue print to fund the project aimed at increasing rice production in the country.

Bayero University, on Tuesday, 7th January, 2020 interacted with the officials of the Central Bank on how to develop a proposal that will lead to mass production and processing of rice.

The Head of Development Finance of the CBN, Kano Office, Hassan-Tom, affirmed that the move to partner with BUK in rice production was in line with the Anchor Borrower Programme introduced by the President Buhari-led administration to boost agricultural production in the country.

Mr. Hassan Tom stated that the recent development by Bayero University in rice production and processing had prompted the CBN to intervene in the area so as tojointly come up with a proposal that will boost the production and processing of rice in the University.

He said the collaboration would be the first of its kind in the country, in which an academic institution would venture into rice production with the support of the CBN.

Responding, the Vice Chancellor, Professor Muhammad Yahuza Bello assured the delegates that the University would consider the offer with utmost priority. He added that the University would set up a committee that will look into it as soon as possible.

The Vice Chancellor remarked that the value chain in rice production was so high that it needs to be encouraged. “This is a very important intervention and I assure you that the University will consider the partnership even if it means establishing Public-Private Partnership”, he explained. “This is one thing we can do to reduce importation of rice into our country”, he added.

It could be recalled that recently, the Department of Agricultural Economic and Extension began rice processing and packaging, which called the attention of the and other stakeholders to partner with BUK on this profitable venture.


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