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Tue Jul 20 2021
The Central Bank of Nigeria (CBN) has said it will collaborate with the National Agriculture Land Development Authority (NALDA) to develop integrated farms across the country, provide affordable and accessible finance to farmers in Nigeria’s rural communities and provide jobs for its teeming population.
The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele said this during the inauguration of the first National Agriculture Land Development Authority (NALDA) Integrated Farm Estate in Suduje Daura, Katsina State by President Muhammadu Buhari.
Emefiele said it is an agricultural hub for inhabitants of the area with its wide-range of facilities to support the rearing of poultry, goat and rabbit pens as well as fish ponds, crop farming areas, processing and packaging plants, storage, clinics, residential areas, schools, training centres and an administrative facility.
James Emejo
The Governor of Central Bank of Nigeria (CBN), 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.
He said the combined efforts of the apex bank and the National Agricultural Land Development Authority (NALDA) in making land and credit available to farmers would further add to the gains so far recorded through the bank’s intervention support in the sector.
The CBN governor, at the inauguration of the maiden integrated farm estate established by NALDA in Daura, Katsina State, described the facility as a milestone achievement, which would catalyse the desired agricultural revolution in the state and the country in general.
The Federal Government’s Economic Sustainability Plan (ESP) helped Nigeria to cope with the economic shock caused by COVID-19.
The presidency said with the stimulus package, the economy did not decline as feared when the pandemic broke out.
Laolu Akande, presidential spokesman in a statement said over 2 million jobs have been both created and saved, with N500billion released as at the end of May.
The breakdown indicates that 1.3 million jobs have been retained through interventions in the Micro, Small, and Medium Enterprises (MSMEs) space, including the Payroll Support.
The 774,000 jobs from the Public Works Programme and 26,021 jobs from construction /rehabilitation projects nationwide were among those newly created.
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