The Central Bank of Nigeria (CBN) has set out policies to curb importation of some agricultural products that could be produced in the country and assist in conserving foreign exchange.
However, as a result of these measures, the Bank officials met with stakeholders in Osogbo, Osun State yesterday in order to facilitate increase in domestic production in an effort to be self-sufficient in production locally.
Speaking yesterday at the Bank's fair with a Theme: 'Promoting, Financial Stability and Economic Development,' at Aurora Conference Centre, Osogbo, the Assistant Director of the Bank, Mr. Samuel Okogbue who represented the Director Corporate Communications, Mr. Issac Okorafor, said they were set to meet with all stakeholders in an effort to develop self-sufficiency among the people.
While speaking further on the need to promote national economic development, Okorafor noted that the Central Bank of Nigeria had established Anchor Borrowers Programme (ABP) in order to collaborate with individuals, companies in the production and processing of the key agricultural products.
He said the programme would help all local farmers to increase their production and help to reduce importation of some agricultural products to the country.
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