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CBN Extends 'Naira 4 Dollar Scheme' to Sustain Gains


Obinna Chima in Lagos and James Emejo in Abuja
The Central Bank of Nigeria (CBN) yesterday extended indefinitely its ‘Naira 4 Dollar Scheme’ introduced to encourage remittances from Nigerians in the Diaspora.
The CBN, in a circular posted on its website, said the initiative initially expected to end this month would continue until further notice in order to sustain the gains of the scheme.
Also yesterday, CBN Governor, Mr. Godwin Emefiele, said the bank would continue to resist the importation of maize into the country.
The CBN had in a circular dated March 5, 2021, signed by Mr. A.S. Jibrin, on behalf of the Director, Trade and Exchange Department stated that the ‘Naira 4 Dollar Scheme,’ which became effective in March, would end tomorrow. ....

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Breaking News | Emefiele Vows To Resist Maize Importation, Urges Youths To Embrace Agric


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Godwin Emefiele, CBN Governor. By Emma Ujah, Abuja Bureau Chief Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, has vowed to resist maize importation into the country.
Emefiele, who stated this at the unveiling of the first maize pyramid and flag-off of the 2021 Maize wet season farming under the CBN-Maize Association of Nigeria, MAAN, Anchor Borrowers’ Programme, in Kastina, yesterday, also urged Nigerian youths to embrace agriculture, assuring that the bank was ready to support them in the sector.
He said the CBN would resist attempts by those who seek to continually import maize into the country, noting that maize farmers in Nigeria had what it took to close the maize demand gap of over 4.5 million metric tonnes in the country. ....

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Emefiele vows to resist maize importation, urges youths to embrace agric


Emefiele vows to resist maize importation, urges youths to embrace agric
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By Emma Ujah, Abuja Bureau Chief
Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, has vowed to resist maize importation into the country.
Emefiele, who stated this at the unveiling of the first maize pyramid and flag-off of the 2021 Maize wet season farming under the CBN-Maize Association of Nigeria, MAAN, Anchor Borrowers’ Programme, in Kastina, yesterday, also urged Nigerian youths to embrace agriculture, assuring that the bank was ready to support them in the sector.
He said the CBN would resist attempts by those who seek to continually import maize into the country, noting that maize farmers in Nigeria had what it took to close the maize demand gap of over 4.5 million metric tonnes in the country. ....

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Emefiele dismisses possibility of lifting maize import ban


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Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele has on Thursday dismissed the possibility of lifting the current import ban placed on maize. 
On the same day, Rice Processors Association of Nigeria (RIPAN) disagreed with a directive by Senate Committee on Ethics, Privileges and Public Petitions to Nigeria Customs Service to return imported rice carted away during midnight raids on markets in Ibadan, Oyo State. 
Emefiele who reportedly spoke in Katsina during the unveiling of the first maize pyramid and flag-off of the 2021 Maize wet season farming under the CBN Maize Association of Nigeria (MAAN) Anchor Borrowers’ Programme expressed belief that Nigerian youth could leverage their talents, along with technological tools to improve farm productivity and delivery of agricultural produce to markets.  ....

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