CBN allocates N100bn and 2.15 million bags of fertilizer to the Ministry of Agriculture, to cushion the effects of high prices of food in the country.
Governor of the apex bank, Olayemi Cardoso has disclosed that The Central Bank of Nigeria has allocated N100bn and 2.15 million bags of fertilizer to the Ministry of Agriculture, to cushion the effects of high prices of food in the country.
The governor disclosed this during a meeting on Wednesday 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.
During his speech, Cardoso said the apex bank believed that providing support to farmers would help mitigate high food prices currently bedeviling the nation.