Nigeria: CBN Tasks Nigerians on Farming

4 July 2009

Maiduguri — Worried by depleting oil revenue, Central Bank of Nigeria (CBN), has urged Nigerians to go back and till the land with the mission of re-enacting the glorious era of pre-1970s when the nation's economy mainstay was cash crops.

Speaking during the presentation of the key note address at a seminar: "Harnessing the potentials of Gum Arabic for Economic Development in Nigeria," the Deputy Governor of the CBN, Mr. Tunde Lemo, who was represented by a director at the bank, Mr. Joe Alagieuno, said during the pre and post-independence Nigeria, before crude oil became the country's major foreign earner in the mid- 70's, the agricultural sector performed satisfactorily on all parameters.

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