The Central Bank of Nigeria says it remains committed to enhancing food productivity and security with the ultimate goal of curbing food inflation and fortifying pursuit of price stability.
CBN Governor, Olayemi Cardoso made the commitment during a meeting with the Minister of Agriculture and Rural Development, Mohammad Abubakar, and the Minister of Agriculture and Food Security, Abubakar Kyari at the ministry’s headquarters in Abuja.
Announcing the allocation of N100bn and 2.15 million bags of fertilisers to the Ministry of Agriculture, Cardoso said the apex bank believed that providing support to farmers would help mitigate high food prices currently bedevilling the nation.
The Ministers welcomed the development, saying that the partnership would further guarantee food security in the country.
