The Central Bank of Nigeria (CBN)’s acting Director, Corporate Affairs Communications, Mr Nwanisobi Osita has disclosed that the bank will continue to provide interventions for agriculture and industrial revival of Nigeria as the two sectors amongst others remained a veritable tool towards building a robust economy for the country.
He said this in Lokoja during a one-day interactive enlightenment session with stakeholders organised by the CBN in collaboration with labour unions.
Nwanisobi said the five-year policy thrust of the apex bank, which covered 2019-2024 initiated by the CBN governor will grow the real economy for the country.
He said that the policy, which centred around establishing a firm and stable microeconomic environment would pave room for low inflation, financial stability, exchange rate stability and efficient payment system.
The acting director who lamented that the country cannot continue to import items and consumables the nation can produce, said through Anchor Borrower financial intervention of the CBN, minimum of ten commodities would be produced to make food readily available for Nigerians.
According to him, “there must be a limit to the importation of goods. We can grow tomatoes, rice, wheat, cotton and other consumable and CBN will continue to provide finance for farmers to grow those commodities and create jobs for Nigerians”.
Speaking on the revival of the nation’s economy, he said the apex bank is making concerted effort to see a double-digit economic growth where the inflation rate would be a single digit, adding that the bank would also look at issues of power, industries and the nation’s foreign reserve.
He said that the policy, which centred around establishing a firm and stable microeconomic environment would pave room for low inflation, financial stability, exchange rate stability and efficient payment system.
The acting director who lamented that the country cannot continue to import items and consumables the nation can produce, said through Anchor Borrower financial intervention of the CBN, minimum of ten commodities would be produced to make food readily available for Nigerians.
According to him, “there must be a limit to the importation of goods. We can grow tomatoes, rice, wheat, cotton and other consumable and CBN will continue to provide finance for farmers to grow those commodities and create jobs for Nigerians”.
Speaking on the revival of the nation’s economy, he said the apex bank is making concerted effort to see a double-digit economic growth where the inflation rate would be a single digit, adding that the bank would also look at issues of power, industries and the nation’s foreign reserve.
