- CBN Plans to Create 10 Million Jobs Through Investment Support
The Central Bank of Nigeria (CBN) said it had started a program that would lead to the creation of 10 million jobs in Nigerian in the next five years.
Mr Isaac Okoroafor, the Director of Corporate Communications, CBN, made the statement on Thursday during a two-day customers sensitisation forum in Owerri, Imo State.
The apex bank plans to create 10 million jobs through aggressive investment support in agriculture, using 1o commodity models.
Speaking on the central bank’s development function, Okoroafor said, “We want to stop inflation in the economy by ensuring that prices of food items don’t keep rising at every turn. That’s why we made loans available with single digits interest rate.”
This, he said would facilitate the creation of at least 10 million jobs in the next five years.
He added that “We will also provide high yielding seedlings as well as extension services to the farmers. “We’ll equally provide them with the processors or off takers who will buy off their farm products immediately after harvest. This will create the best value chain for everyone.
“If we face cassava for instance in the South-east alone, we will create at least one million jobs here.
“Our intention is to bring back farm settlements across the country as it used to be in the past. That’s the easiest way of building our economy,” he said.