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Sunday, September 22, 2013

Provide special funds for agric sector, CIBN tells FG

Anthony Nwakaegho/NaijaAgroNet:
The Federal Government has been called upon to intervene in the implementation of infrastructure development programmes in the country by providing a special intervention fund that will boost development in the agricultural sectors.
The President, Chartered Institute of Bankers of Nigeria (CIBN) Mr. Segun Aina gave the charge while speaking at the just concluded 7th Annual Conference of the Institute in Abuja, stressing that the ongoing economic diversification agenda of the government become necessary due to uncertainties in the international oil market and the search by other countries for alternative energy sources.
NaijaAgroNet gathered from Aina that the Federal Government has done much in terms of policy frameworks and reforms so far in the power, financial and agricultural sectors to attract investment, while government need to do more by providing the infrastructure and critical need with cheaper long term loans.

“In the year 2009 and 2010, the conference recommended the fast- tracking of the proposal for the development of a Competency Framework and you are all aware that in November 2012, the Central Bank released the guidelines for the implementation of the competency Framework for the Nigerian Banking industry with the Institute as the sole accreditation and certification agency,” he said.

NaijaAgroNet also gathered that the institute expect the government to look into their recommendations, especially in the issue of unique and coordinated National Identification Programme, diversification of the economy away from oil due its global uncertainties, search for alternative energy sources and the discovery of shale oil and gas.

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