CBN Promises More Loans, Foreign Exchange To Farmers, Industrialists

Central Bank of Nigeria has reiterated its commitment to deliver loans to the doorsteps of farmers to boost agricultural production for food security, job creation, and sustainable growth in Nigeria.

The Governor of the Central Bank Mr Godwin Emifele revealed this while delivering his speech at the commissioning of 456 Metrics Tone Gerawa Rice Mills in Kano.

He said, the Central Bank is overwhelming by the success recorded in agricultural sector which is now one of the major labor employer and national economic growth driver.

” We will also continue to provide forieng exchange for the purchase of equipment to any industrialist who want set up company any where in Nigeria “.

The Governor added that, the growing number of Major, Medium and small scale rice mills and other agro-allied industries across the country is a clear testimony for the success recorded by federal government policy on agriculture sector.

” I am happy today we are going round the country commissioning such gigantic industry established by Nigerians, this shows we are on a right track toward achieving food security, job creation and sustainable growth”.

In his speech at the occasion the chairman presidential committee on food security and Governor of Kebbi State said, against all criticism now every body is convinced that the policy introduced by President Buhari on ” We must eat what we produced and we must produced what we eat ” is working and providing fruitful result.

” In the past the country had presidential committee on rice importation today the case is reverse and in a nearest future we are hopping to have a presidential committee on rice exportation” Bagudu stated.

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However in his side Jigawa state Governor Muhammad Badaru Abubakar commended Governor of Central Bank Mr Godwin Emifele for being proactive in the implementation of federal government agricultural policies which now contributing large share to national growth and development.

According to him, .in the past CBN was only relating with commercial Banks and major industrialists, but today the bank is engaging with peasant farmers, as well as large scale farmers through various intervention and facilities, this without doubt made the current Nigerian economic growth more inclusive and sustainable.

The chairman Gerawarice mills Alhaji Isa Gerawa, said in 2017 president Buhari commissioned his gigantic oil mills and today 1st February 2022 the central Bank Governor lead others to commissioned his 456/Metric Tone rice mills and also laid foundation for the second phase of 545 metric tone.

He than promised to invest more as they expect more intervention and support from CBN , for jobs creation and economic growth.

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