Why we are focused on agriculture,industrial revolution – CBN

The Central Bank of Nigeria (CBN) said it is providing and will continue to provide interventions for Agriculture and Industrial revival of Nigeria as the two sectors amongst others remained a veritable tools towards building a robust economy for the country.

CBN acting Director, Corporate Affairs Communications, Mr Nwanisobi Osita disclosed this on Saturday in Lokoja during a one-day interactive enlightenment session with stakeholders organized by the Central Bank of Nigeria in collaboration with labor unions.

Nwanisobi said the 5-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 centered around establishing a firm and stable micro economic environment would pave room for low inflation, financial stability, exchange rate stability and efficient payment system.

The acting Director who lamented that the country can not continue to import items and consumables the nation has the capacity to produce, said through Anchor Borrower financial intervention of the CBN, minimum of ten commodities would be produce to make food readily available for Nigerians. According to him, “There must be a limit to 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.