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Emefiele urges states to invest more in Agriculture

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has tasked State Governors to make their State viable by investing more in agriculture, particularly crops in which they have comparative advantage, as well as to reduce their dependence on allocations from the Federation Accounts Allocation Committee (FAAC).

Mr. Emefiele made the call in Port-Harcourt at the launch of the Rivers Cassava Processing Company Limited, which is designed to support improved production and processing of cassava into high quality flour.

He said that the CBN would no longer support the continued importation of items that can be produced in Nigeria, even as he pledged that the Bank will collaborate with Rivers and other States in supporting the development of the agricultural and manufacturing sectors. 

He said about seven point four billion naira had been accessed by four States in the South-South region to open up more land for cultivation, create access roads to agricultural lands, and provide infrastructure among other support services in the region.

In his remarks, the Rivers State Governor, Nyesom Wike invited farmers and other interested individuals to key into the development programs of the state, particularly in Agriculture.

He also appealed to youths to channel their energy towards productive sectors of the economy.

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