Increase Agricultural Lending By $3bn, Reps Urge CBN …C0NTINUE READING HERE >>>
The House Representatives has urged the Central Bank of Nigeria (CBN) to increase agricultural lending by $3 billion to de-risk agribusiness in the country.
This followed the adoption of a motion moved by Hon. Uchenna Harris Okonkwo from Anambra at plenary on Tuesday.
Moving the motion, he said the ailing economy of Nigeria, severe impoverishment across the nation, as well as the increase in hunger due to decreased agricultural productivity triggered by low capital investment and insufficient funding of agricultural production.
Okonkwo noted that in 2011, CBN launched and incorporated the…
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