President MUHAMMADU BUHARI has unveiled Africa’s largest rice pyramid in Abuja today.

The programme which rides on the Anchor Borrowers’ Scheme is an initiative of the Central Bank of Nigeria in collaboration with rice farmers, processors, state governments, banks, and other relevant stakeholders.

Farmers will return the bags of rice paddy that made up the pyramids in exchange for cash to repay the loans they received under the ABP.

The CBN’s Anchor Borrowers’ Programme started in November 2015 with the goal of providing aid to farmers and influencing the value chain of various commodities in Nigeria.

In attendance is Governor KAYODE FAYEMI of Ekiti State, Governor ATIKU BAGUDU of Kebbi State; Prof. BEN AYADE of Cross Rivers State, DAVID UMAYI of Ebonyi State and Jigawa state Governor, ABUBAKAR BADARU.