Agricultural News Digest

CBN, Banks Renew Commitment to Agric Funding

In what has been described as a direct response to the growing fears of a food crisis in the country, the Central Bank of Nigeria and some commercial banks at the weekend renewed their resolve to rise to the challenge of the rising cost of food through increased participation in agricultural development in the Nigeria. Their resolve came on the heels of concerns raised by economic watchers over the role of higher food prices in the inflation rate for the month of March which hit 12.1 per cent against 11.9 per cent recorded in February.

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