The Governor of Central Bank of Nigeria, Mr. Godwin Emefiele, stated that the Federal Government is ready to provide cheap funding to farmers at five per cent interest rate to procure agricultural equipment to enhance food production.
Emefiele stated said on Thursday at the public launch of Ogun State’s produced MITROS rice at its agro services corporation headquarters, Asero, Abeokuta.
The CBN Governor revealed that he was part of the Presidential Task Force on Agricultural Commodities and Production (Rice and Wheat), that visited Ogun State about twelve months ago, said the state governor, Senator Ibikunle Amosun, did promise the team that it would soon return to launch the state’s own locally produced rice.
He noted that he was happy that the governor ‘walked his talk’, arguing that the CBN would continue to support such effort aimed at growing the economy and providing employment.
“Ogun State continues to demonstrate the urge to support the focus of the government to create jobs and to grow the economy. A country that doesn’t take agriculture seriously is naturally an unserious country.
“We are going to be looking at providing cheap funding at no more than 5 per cent for those who are going to be assessing facilities to acquire agric equipment like threshers, like harvesters, or those who will be going into fish farming, or those who will be going into feed mills.” He said.
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