President Muhammadu Buhari plans to display a million bags of rice grain arranged as pyramids in Abuja, Nigeria’s capital.
The pyramids, which are said to be Africa’s largest of their kind, are located on the premises of the Abuja Chamber of Commerce and Industries (ACCI) on Airport Road.
The Central Bank of Nigeria (CBN) and the Rice Farmers Association of Nigeria collaborated to stack one million rice paddy in 15 different pyramids at the ACCI (RIFAN).
Under the Anchor Borrowers’ Program, rice bags were planted and harvested in states around the country (ABP).
Five state governors were present: Kayode Fayemi of Ekiti; Atiku Bagudu of Kebbi; Prof. Ben Ayade of Cross River; David Umayi of Ebonyi; and Abubakar Badaru of Jigawa.
One million bags of rice paddy were planted and harvested from states around the country as part of the Anchor Borrowers’ Program to build the rice pyramids.
In order to repay the loans they got under the ABP, farmers were urged to return the bags of rice paddy that made up the pyramids in exchange for cash.
The Anchor Borrowers’ Programme (ABP) of the Central Bank of Nigeria (CBN) was launched in November 2015 with the purpose of assisting farmers and affecting the value chain of various commodities in Nigeria.