Bypass Knotty Issues of collateral, give loans to farmers, Buhari orders CBN, others

  • Buhari promises to continue doing his best to ensure that the efforts of hardworking Nigerian farmers are respected.
  • Group suggests a declaration of an emergency to tackle challenges in the education and health sectors. 

President Muhammadu Buhari has described the knotty issue of loan collateral as “a terrible colonial legacy,” which have been stopping the farmers from getting easy access to capital.

He therefore on Tuesday directed the Ministry of Agriculture and the Central Bank of Nigeria (CBN) to bypass such. Buhari gave the directive during an audience with members of the United Kingdom-based Foundation for Good Governance for Development in Nigeria at the State House, Abuja, on Tuesday. The group consists of scholars and professionals.

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President who pointed that a top priority of his administration is to ensure that the efforts of hardworking Nigerian farmers are respected also identified smuggling as a threat to domestic agricultural production and processing.

While promising to continue to fight the menace with all means available to the government, Buhari assured that in addition to the focus of his administration on security, economy and the war against corruption, the new administration in his second term would pay greater attention to education and health.

Admitting the present challenges, the president promised the group to continue doing his best.

In his remarks, Dr Arabo Ibrahim Bayo, the leader of the group, who said they came together on the basis of a shared passion for the country’s development added that the group was in the firm belief that the president represents the best in terms of leadership that Nigeria can offer.

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He then commended the achievements of the administration in the last four years in implementing its three cardinal objectives of providing security, improving the economy and the war against corruption.

He, however, suggested the declaration of an emergency to tackle challenges in the education and health sectors. The group further pledged support to the President for a formidable and enduring legacy.

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