Deputy
Governor in charge of operations at Central Bank of Nigeria, Mr. Tunde Lemo has
raised an alarm that the country is losing about N1.6trillion annually on
products like cocoa, oil-palm, groundnut and cotton, reports Leadership.
Delivering
a paper entitled "Agriculture: An Effective Tool for Accelerated Economic
Growth" at the 3rd Annual Night of Excellence organized by the Federal
University of Agriculture, Abeokuta, he said, a huge amount of money is still
been set aside for importation of agricultural products despite the abundance
of natural resources in the county.
Information
available to NaijaAgroNet
quoted Lemo as saying that it is important for Nigerians to start looking for
ways to boost agricultural activities in the country, believing that increase
in agricultural activities holds the key to economic development in the
country.
He
affirmed that the security challenges facing the country is due to the high
rate of unemployment amount the youths and that agriculture can be use to
tackle the issue of unemployment. Read more
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