CBN restates commitment to boost agric sector

The Central Bank of Nigeria has restated commitment to boosting local production through agricultural initiatives.

The CBN Governor, Godwin Emefiele, during an inspection tour of a palm plantation at Odighi village in the Ovia North East Local Government Area of Edo State, commended the Federal Government’s foresight to revamp the agricultural sector with the CBN playing a major role.

Emefiele said with the rising cost of food items across the globe, Nigeria would have been in dire circumstances if the proactive measures were not taken.

Source: CBN restates commitment to boost agric sector – StocksWatch (stocksng.com)

Related Posts

25

May
Business & Economy

Stock Market Review: May 25, 2023

The stock market on Wednesday closed on a positive note with 0.58% growth. The All Share Index and Market Capitalisation stands at 52,927.60 points and 28.819 trillion respectively. In a stock market review with Gilbert Ayoola, a capital market expert, the following were discussed: Excerpts: The monetary policy committee of CBN has increased MPR to 18.5%. How will this […]

25

May
Business & Economy

Oando kicks-off Sustainable Transport Initiative in Lagos State with launch of Electric-Mass Transit buses

Oando Clean Energy Limited (OCEL) has achieved a groundbreaking milestone with the launch of the first phase of its Sustainable Transport Initiative for Lagos State. The initiative will see OCEL introducing electric buses to LAMATA’s current fleet of buses. The endeavor aims to support the transformation of the State’s public transport system through the development and deployment[…]