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This will go a long way to boost food security, attract private sector investment, reduce post-harvest losses, as well as add value to local agricultural produce
Last month, inflation hit another record – 26.7 per cent. It has been going up steadily for almost three years without ceasing and without an end to its upward trajectory. Imported and domestic inflation have been combining to make unofficial currency devaluation inevitable. Government deficits in the last six years contributed to the rising inflation rate. Unauthorised borrowing through Ways and Means, W&M, added to rubber stamp approval of loans to fund current expenditure led the CBN to increase the quantity of money in circulation without corresponding increase in aggregate productiv...
Babachir Lawal, former Secretary to the Government of the Federation (SGF), has said that President Bola Tinubu appointed the Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, with what he described as “patch-patch” Curriculum Vitae (CV). Lawal, who said this while speaking during an interview on Arise News Television on Wednesday said that the new CBN governor has ‘patch-patch CV’ because he was ‘merely’ the Commissioner of Planning in Lagos State, which according to the former SGF, is a very small state out of the 36 states in the country.
Imam declared, “Reducing lending costs to two per cent is not just a demand, it is a necessity for the growth of our agricultural sector. Farmers are the backbone of our nation, and affordable loans are the fuel that propels us forward.”
Remember the press conference he had after seeing President Bola Tinubu in August when naira traded for N950 to the dollar?