Buhari Unveils Mega Rice Pyramid In Abuja; World’s Largest [Photos]

Related stories

How Nigeria’s Money Got Into Foreign Accounts During Abacha’s Reign — Al-Mustapha

By Kolawole Ojebisi Major Hamza Al-Mustapha, former Chief Security Officer...

The Complexities of Decisions

By Babalola Johnson When B arrived in Canada as a...

President Muhammadu Buhari on Tuesday unveiled the one million rice pyramid in Abuja.

The mega project which is regardedĀ as the largest of its type in the world, is located at the Abuja Chamber of Commerce and Industries (ACCI) along the Airport Road.

 

The project was executed by the Central Bank of Nigeria in collaboration with the Rice Farmers Association of Nigeria (RIFAN).

The one million rice paddy stacked in 15 separate pyramids were planted and harvested from states across the country under the Anchor Borrowers’ Programme (ABP).

Present at the unveiling event which held in Abuja are, President Muhammadu Buhari; CBN governor, Godwin Emefiele; Governor Kayode Fayemi of Ekiti; Governor Atiku Bagudu of Kebbi; Governor Ben Ayade of Cross Rivers; Governor David Umayi of Ebonyi and Governor Abubakar Badaru of Jigawa.

Speaking during the unveiling event, Buhari said the commissioning of rice pyramids in Abuja was an indication that Nigeria is making steady and assured progress towards self-sufficiency in food production.

The President said the project is in line with the economic plan of his administration. According to him, the rice pyramid will boost the economy, create jobs and reduce reliance on imported food and industrial raw materials.

Speaking also, the Chairman, Pyramid Sub Committee of RIFAN, Mr Shehu Muazu, commended all the stakeholders involved in the mega project, adding that the success of the rice pyramid shows that local production of food is possible.

Muazu also added that with the launch of the one million bags of rice paddy stacked as pyramids in Abuja, the prices of rice are expected to be reduced.

In his words: ā€œRIFAN in collaboration with the Rice Millers Association of Nigeria will process the rice and sell at a discounted price. This will lead to drastic reduction in price once it starts rolling into the market.

ā€œOur collaboration with the millers association rests on the agreement that they will sell at a discounted price to Nigerians.

ā€œAlthough, we cannot talk of price in isolation as far as prices all over the world are concerned because all over the world prices of food have gone up.

ā€œBut the good news is that rice will remain the cheapest commodity as far as food is concerned due to the success recorded through the scheme.’’

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

[tds_leads input_placeholder="Your email address" btn_horiz_align="content-horiz-center" pp_msg="SSd2ZSUyMHJlYWQlMjBhbmQlMjBhY2NlcHQlMjB0aGUlMjAlM0NhJTIwaHJlZiUzRCUyMiUyMyUyMiUzRVByaXZhY3klMjBQb2xpY3klM0MlMkZhJTNFLg==" pp_checkbox="yes" tdc_css="eyJhbGwiOnsibWFyZ2luLXRvcCI6IjMwIiwibWFyZ2luLWJvdHRvbSI6IjQwIiwiZGlzcGxheSI6IiJ9LCJwb3J0cmFpdCI6eyJtYXJnaW4tdG9wIjoiMTUiLCJtYXJnaW4tYm90dG9tIjoiMjUiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsImxhbmRzY2FwZSI6eyJtYXJnaW4tdG9wIjoiMjAiLCJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn0sImxhbmRzY2FwZV9tYXhfd2lkdGgiOjExNDAsImxhbmRzY2FwZV9taW5fd2lkdGgiOjEwMTksInBob25lIjp7Im1hcmdpbi10b3AiOiIyMCIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3Njd9" display="column" gap="eyJhbGwiOiIyMCIsInBvcnRyYWl0IjoiMTAiLCJsYW5kc2NhcGUiOiIxNSJ9" f_msg_font_family="downtown-sans-serif-font_global" f_input_font_family="downtown-sans-serif-font_global" f_btn_font_family="downtown-sans-serif-font_global" f_pp_font_family="downtown-serif-font_global" f_pp_font_size="eyJhbGwiOiIxNSIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_weight="700" f_btn_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_transform="uppercase" btn_text="Unlock All" btn_bg="#000000" btn_padd="eyJhbGwiOiIxOCIsImxhbmRzY2FwZSI6IjE0IiwicG9ydHJhaXQiOiIxNCJ9" input_padd="eyJhbGwiOiIxNSIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMCJ9" pp_check_color_a="#000000" f_pp_font_weight="600" pp_check_square="#000000" msg_composer="" pp_check_color="rgba(0,0,0,0.56)" msg_succ_radius="0" msg_err_radius="0" input_border="1" f_unsub_font_family="downtown-sans-serif-font_global" f_msg_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_size="eyJhbGwiOiIxNCIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_weight="500" f_msg_font_weight="500" f_unsub_font_weight="500"]

Latest stories

NDN
Latest News
How Nigeria's Money Got Into Foreign Accounts During Abacha's Reign -- Al-Mustapha[Video] Panic As Air India Flight To UK With 242 Passengers Crashes Shortly After Take-offADDRESS BY PRESIDENT BOLA AHMED TINUBU, GCFR AT THE JOINT SESSION OF THE NATIONAL ASSEMBLY IN COMMEMORATION OF DEMOCRACY DAY, 2025The Complexities of DecisionsOshiomhole Breaks Silence on Viral Lagos Airport Clash with Air Peace StaffSEC Blasts CBEX Says it remains Banned in Nigeria, as Crypto Platform2027: Atiku, Obi, El-Rufai, Others Can't Unseat Tinubu, They're 'Bound To Fail' -- WikeWike's Defection To APC 'll Make PDP, Others 'Writhe In Pain' -- Tinubu2025 Rivers N1.48 tn Budget Done In Readiness for Fubara's Return -- Ibas[VIDEO] Drama As Oshiomhole, Air Peace Engage in Dirty Spat at Lagos AirportI'm Ready To Forgive Elon Musk..We've to Strengthen the Country, Says TrumpDele Momodu Tells Tinubu: You Can't Say Nigerians are Busybodies, Bystanders to Praise WikeOil Prices Slip Despite U.S.-China TalksDrama As Elon Musk Reverses Self on Trump, Says Criticism Went too farEx-Minister, Essien Blasts Gov Umo Eno For Piling Pressure on Lawmakers to Defect
X whatsapp