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Economic diversification: CBN parleys with stakeholders on revamping


By Kadiri Abdulrahman
Abuja, June 1, 2021 The Central Bank of Nigeria (CBN) on Tuesday engaged Stakeholders in the Cotton, Garment and Textile (CTG) industry on how to revamp the industry towards economic diversification and sustainable growth.
The stakeholders, representing different associations within the industry,
commended the apex bank for its support and commitment towards growing the sector.
The meeting was called to appraise past efforts towards revamping the industry and to chart a way forward.
Mr Godwin Emefiele, the CBN Governor, said that the CTG industry is integral to Federal Government’s plans for economic diversification and job creation.
In a speech delivered on his behalf by Lamtek Adamu, Deputy Governor in charge of Corporate Services, Emefiele said that the CBN is committed to offering the required support to return the textile and garment industry to its old glory. ....

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Dry season farming: Stakeholders speak on deepening food insecurity


Dry season farming: Stakeholders speak on deepening food insecurity
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Most small-scale farmers in Nigeria rely on rainfed cultivation and do not have access to adequate water sources to engage in large-scale dry season production, leading to local shortages of important crops and high market prices in the dry season due to the lack of technique to cultivate them when the weather condition becomes harsh.
The unpredictability of rainfall patterns and amount in northern Nigeria implies the need for farmers to engage in dry-season farming to boost their incomes.
With the growing population of the country and the realisation that importation of any major food item will continually drain the country’s external reserves, export its jobs to countries where those food items are produced and the need to be food-secure, President Muhammadu Buhari established a National Food Security Council to address challenges in the country’s food and agr ....

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