The Central Bank of Nigeria (CBN) has expressed commitment to boosting local agricultural production.
The CBN Governor Godwin Emefiele disclosed this to journalists during an inspection tour of a palm plantation at Odighi village in the Ovia North East Local Government Area of Edo State.
“We produce what we eat and eat what we produce by coming up with several initiatives aimed at repositioning the sector with a view to creating employment opportunities as well as growing the gross domestic product of the country,” he said.
He said the CBN played a major role in the Federal Government efforts at revamping the agricultural sector.
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.
On his assessment of the developments in the farm, Emefiele, who was elated with the strides being recorded in the production of maize and cassava, expressed optimism that palm produce’s harvests would commence in the next 12 months.
