He therefore enjoined Nigerian youths to embrace agriculture, noting that the “They have the talent, energy, enthusiasm, technological adoption capacity and all the right drive to revolutionize agricultural production in Nigeria.“We must meet them half-way to ensure that we provide the enabling environment to make agriculture attractive to them,” he noted, adding that “the Central Bank of Nigeria stands ready to support youths that are willing to engage in agriculture.
for maize, wheat, soybeans, cassava, sorghum and cassava, he noted that the Bank’s backward integration drive with rice millers was also gaining momentum as the CBN intends to finance some millers to grow their own paddy during the current wet season. According to him, the Bank will develop a repayment framework that will allow farmers to use their farm produce as repayment for the electricity consumed by the beneficiaries of the scheme. This is even as he expressed hope that the incentive would improve the standard of living of farmers in Nigeria, motivate prompt loan repayment and ultimately enhance the sustainability of the programme.
While reiterating the massive potential in Nigeria’s agricultural sector, he stressed the need for more private sector investment in the agricultural value chain, noting that significant improvements in domestic production of staple food items, would help in attaining the country’s price stability goals while reducing its dependence on imported food items.
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