MAAN erects maize pyramid in loan repayment to CBN’s ABP

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The Maize Association of Nigeria, MAAN, has erected a maize pyramid in Kaduna State as part of the repayment of its loan from the Central Bank of Nigeria, CBN, Anchor Borrower Program (ABP) for agriculture of the 2021 rainy season.

This was made known by the National Chairman, MAAN, Dr. Abubakar Bello, while explaining that the maize presented came from all over the country, and is also the second maize pyramid erected by maize farmers since the beginning of the ABC in 2015.

According to Bello, the pyramid was part of CBN’s PBA success story and showcased the resilience and commitment of maize farmers to food security and nutrition in Nigeria.

He also described the maize pyramid as the first of its kind in Nigeria.

He said, “We want to put this pyramid in place to showcase the success and achievement of the Anchor Borrower, ABP program under President Muhammadu Buhari.”

“Furthermore, we want to show what we have done and recognize what Mr. President has done for maize farmers in Nigeria, we also want to show the effort and appreciation of all maize farmers in Nigeria” .

“I want to appreciate the efforts and support of Kaduna State Governor Mallam Nasir El-Rufai who embraced this program and promised to support us, we have seen the reality.”

“The number of pyramids to be erected will be determined by the space we have here.

Loan repayment is for the 2021 rainy season.


However, the MAAN boss explained the reasons for the high cost of maize, which he says is attributable to the Covid-19 pandemic being a major contributing factor, as input producing companies could not produce due to the restrictions. locking.

Meanwhile, he revealed that in 2020 maize production had increased to 20 million metric tons from 8 million metric tons in 2015 before the introduction of PBA.

“The issue of high food prices is not just for maize, because if you look at FAO statistics there will be a shortage of food by the end of 2021, there will be a high price of other basic products” .

“The price of maize is still better than the price of other commodities, it’s a global problem, it’s not just in Nigeria.”

“Another factor that contributed to the high cost of corn is Covid-19 in 2019 and 2020, because the inputs that are produced in so many countries around the world were produced in 2019 and 2020, there was a shortage of “inputs farmers will use on their farms, even mechanization equipment was very scarce due to Covid-19, something a farmer will buy for N1,500 is now N4,000, and the cost of production has increased” .

“Before this administration came, in 2015, we only had 8 million tons of maize, but at the end of 2020 it was 20 million tons and apart from that, farmers now have access to inputs without their money. but in the form of a loan, they get the technology under the PBA”.

“Where farmers get 20 tons of maize, now they get 50 tons of maize, there is new farming technology, there are extension services under PBA, mechanization and monitoring and evaluation, the farmers benefit from it and they have increased their production”.

“The maize mills we have in the country have increased, the processors now have more businesses, they now employ more people, these are the success stories of ABP.

In one season, more than a million people get jobs under the ABP,” he said.

Kaduna State Agriculture Commissioner Ibrahim Hussaini said the pyramid is symbolic and will go a long way in convincing Nigerians that the CBN program and association is ensuring that Nigeria achieves self-sufficiency in of food production.

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MAAN erects maize pyramid in loan repayment to CBN’s ABP

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