“We are here in Katsina to start up a programme led by the Governor of the Central Bank of Nigeria, CBN. It’s about reviving cotton. You know the story of cotton in Nigeria. The disappearance of cotton from the scene and the cost to the Nigerian economy in jobs and in money.
“I am particularly happy that the CBN has been leading way in finding funding for farmers.
“If this administration of the CBN had not decided to invent this method of by passing the obstacles and mountains standing in the way of Agriculture development, by now this country could have been far worst in situation than Venezuela. Because accessing credits has been the problem. And I commend him and his team for the courage in inventing what they have done by creating the anchor borrowers programme at one digit interest rate. It is one of the greatest things that happened in this country in the last 40 years.
“However, with the new launch of the cotton seeds, we give out to farmers here today, we believe that with this initiative, in a short while, we shall be back among the leading nation’s in textiles production because we are among the biggest consumers of textiles.
“Mr. President ask me to inform you that his commitment to revive of the Nigerian economy is unshaking. Improving on the Nigerian economy will never happen unless and until we revive the agricultural sector" he said.
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