Economy

Bypass Collateral for Farmers, Buhari Tells CBN, Agric. Ministry

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  • Bypass Collateral for Farmers, Buhari Tells CBN, Agric. Ministry

President Muhammadu Buhari on Tuesday directed the Central Bank of Nigeria (CBN) and the Ministry of Agriculture to bypass the complex collateral process for farmers.

President 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.

The President said one of the priorities of his administration is to ensure that hardworking farmers are respected.

President Buhari also identified smuggling as a threat to local agricultural production and processing, and promised to continue the fight against smuggling.

“I understand our problems. I am acutely aware of my duty to my God and country. I will continue to do my best,” he told the support group.

According to the President, in addition to economic growth, security provision and the war against corruption, the administration would pay greater attention to education and health in its second term.

Dr Arabo Ibrahim Bayo, the leader of the group, which is mostly made up of scholars and professionals, said the group came together on the basis of a shared passion for the country’s growth and development.

He further said the group was in the firm belief that “President Buhari represents the best in terms of leadership that Nigeria can offer.”

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