BUHARI ADMINISTRATION FIFTH ANNIVERSARY FACTSHEET (MAY 2020)

ECONOMY AGRICULTURE • The Anchor Borrowers Programme (ABP) of the Central Bank of Nigeria, launched by President Muhammadu Buhari on November 17, 2015, has made available more than 200 billion Naira in funding to more than 1.5 million smallholder farmers of 16 different commodities (Rice, Wheat, Maize, Cotton, Cassava, Poultry, Soy Beans, Groundnut, Fish), cultivating over 1.4 million hectares of farmland. • The ABP has substantially raised local production of rice, doubling the production of paddy as well as milled rice between 2015 and 2019. • Between 2016 and 2019, more than 10 new rice mills came on-stream in Nigeria. Many of the existing Mills have expanded their capacity; several new ones are under construction. • More than a billion dollars of private sector investments in the production of Rice, Wheat, Sugar, Poultry, Animal Feed, Fertilizers, etc, since 2015. • Federal Executive Council approval (2020) for a National Agriculture Mechanization Programme, “the Green Imperativ...