CBN set to empower investors in Agriculture

Mwanaidi Rhamdani (orange shirt) works with Maria Mtele (green shirt) in an orange-fleshed sweet potato field in Mwasonge, Tanzania. Maria is a mother of 5 and farmer in Tanzania who relies on farming for food and income. Through a local agricultural program, Maria learned about a new crop of orange-fleshed sweet potatoes, specifically bred to thrive in sub-Saharan Africa. Mwanaidi taught her about soil irrigation, crop multiplication, and how to get her crops to market. She is now a leader in her farming group and teaches others what she?s learned. Maria increased her families? income and she is using this new income to build a new, sturdy home.

The Central Bank of Nigeria (CBN) has expressed readiness to boost  in agriculture in the country.

The Governor of CBN, Mr Godwin Emefiele,who made this known at the inauguration of Greenfield Integrated Poultry and Powdered Egg (GRIPPE) project, Emure-Ile, Owo Local Government Area of Ondo State explained that investors would be supported through financing and job creation in the sector.

He said that the agriculture sector had the capability to boost the nation’s economy, hence the need for state governments and individuals to embrace it.

“The CBN will help to drive economic growth and reduce unemployment in the country. What we have set out to do is to give support to anyone who wants to tap the potential of what God has given to our country. This we hope to do by providing the finance and also create job opportunities for the youth,” he said.

Emefiele commended the Ondo State government for initiating the powdered egg production and expressed optimism that the factory would reduce importation of the product and joblessness.

“This project helps to support the CBN and President Buhari’s determination to increase local production of critical agriculture produce and reduce importation of items that we can produce in Nigeria.” He said

The Governor of Ondo State, Oluwarotimi Akeredolu, said the powdered egg project, a public private partnership project, would cost N42 billion, adding that it had great economic benefits to the country.

Akeredolu also stated that the state government would invest in ranches across the state.


Peace PIAK