The Governor of Central Bank of Nigeria , Mr. Godwin Emefiele, yesterday, said the country was likely to make significant strides over the next three years in repositioning the agricultural sector for greater growth.
Emefiele, however, said the CBN would work with Ikonne and his team to explore the potential of providing affordable and accessible finance to the beneficiaries under the agricultural scheme to scale up productivity. He noted that the bank would develop a repayment framework that would allow the farmers to use their farm produce to pay for electricity consumed under the scheme.
He said: “As you may be aware, the programmes and schemes have recorded resounding successes, and the recent unveiling of maize pyramids in Katsina State, as well as paddy pyramids in Niger, Kebbi, Gombe and recently Ekiti States are testaments to our success story. He said CBN’s development finance efforts were also driven by the need to diversify the economy by reversing the ugly trend of relying largely on revenues from crude oil.
Someone better tell Goddy I have my own prediction. It won't happen in 3 years. If he has 1million naira to stake on it, I am willing to stake as well.
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