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Bayero University Kano Partners With CBN on Rice Production

In order to boost food production in the country, Bayero University, Kano is partnering with Central Bank of Nigeria (CBN) for the production of rice in commercial quantity.

The partnership will see the Nigeria apex bank funding the  production and processing in the university.

It has been revealed that BUK is the first university in Nigeria that go into production and processing of rice in commercial quantity.

Discussions on how to develop a comprehensive blue print to fund the project and the proposal that will lead to the take off of the rice processing and production are ongoing between the management of the two institutions.

While commenting on partnership, The Head of Development Finance of the CBN, Kano Office, Hassan-Tom said, "The move to partner with BUK in rice production was part of Anchor Borrower Programme introduced by the President Buhari-led administration to boost agricultural production in the country."

Mr. Hassan Tom stated further, "The development by Bayero University in rice production and processing in its rice mill had prompted the CBN to intervene in the area so as to jointly come up with a proposal that will boost the production and processing."

The Head of Development Finance later 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.

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

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