Price Of Soya Beans May Rise Further, Farmers Warn

On Oct 1, 2021

The Soya Beans Farmers Association of Nigeria (SOFAN) has raised an alarm that the activities of bandits across the country, especially in the North West, have prevented their members from cultivating soya bean this cropping season.

National President of SOFAN, Dr. Nafiu Abdu, said that the prevailing insecurity, flooding and the delay by the Central Bank of Nigeria (CBN) in fulfilling its promise to the farmers as at when due were all contributing to the situation in the sector.

He said the price of the crop may also go up in the near future as some farmers still battle with subsistence farming, where a job that was ordinarily supposed to have been done in two hours, takes two or more days because of the crude implements still employed by the farmers.