WFAN also commended the Central Bank of Nigeria (CBN) for
its move to restrict forex for wheat importation into the country.
The Association said this move would allow local farmers to
increase production through the intervention of the CBN on the Anchor Borrowers
Program (ABP).
Addressing journalists, on Thursday, in Abuja, the WFAN
National President Salim Muhammad said the country spends $6.1 billion annually
importing wheat.
“The restriction of forex on wheat is an impressive policy
and a welcome development.
“Nigeria consumes five million metric tons of wheat per
annum, while a meagre 420,000 tons are produced locally. Nigeria spends $6.1
billion importing about 5.2 million metric tons of wheat.
“Despite the numerous challenges that plague local
production, this policy will enable the government to unlock the unrealised
potentials in the wheat subsector.
When asked how they plan to meet up with local demands for
wheat, Muhammad said this season, they are engaging 600,000 farmers who will
cultivate wheat on one hectare each with an expected yield of 3 metric tons per
hectare, which will translate to 1.8 million metric tons.
He, however, harped on the need to involve the private
sector in wheat production, which he said could increase total production to
over 2.5 million metric tons per season.
Muhammad further said there were also plans to increase the
number of a hectare per farmer for wheat production and also involve more
farmers. He said the plans will see that each of the farmers would cultivate
about 3 hectares and above for each farming season.
While revealing the readiness of the CBN to finance wheat
production in the country, Muhammad said the Association is ready to kick start
production in 16 states in the country.
Going forward, the Wheat farmers proposed a Wheat Round
Table (WRT) where he said the Guarantee Minimum Price for wheat would be set
and other challenges of the value chain would be discussed.
“We have the capacity to produce and feed ourselves
especially, if a road map towards self-sufficiency is adopted via a special
purpose vehicle called “Wheat Round Table” (WRT) where all relevant
stakeholders work together, committedly and sincere.
“We can take a clue from nations that were in a similar
situation as Nigeria is today and have attained food sufficiency. The private
sector should be adequately motivated to help the government achieve its
objectives,” Muhammad said.
WFAN said the forex restriction policy will give relevant
stakeholders the confidence to invest in the wheat sub-sector as the returns on
their investments protected.
“Production and productivity will automatically increase to
meet the local demand.
“Farmers will be incentivized to produce more as there will be improved quality seeds, access to the market and better prices for their produce,” WFAN added.
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