Vice President Yemi Osinbajo has advised Nigerian farmers to look for alternative ways of financing the agricultural sector rather than relying on banks.
The Vice President who said that it would be necessary to convene a meeting with the banks on the need for proper funding of the agriculture sector, however, cautioned against solely relying on banks.
“We must recognize that the banks have options. They do not want to take risk. I therefore advise you to look at some kind of private intervention, not just from the banks, and be creative.”
Vice President Osinbajo, who spoke on Tuesday, at a meeting with a delegation of Nigeria Agribusiness Group at the Presidential Villa, Abuja, insisted that agriculture is the way to go. “The President, Muhammadu Buhari, has said the way out of our economic challenges is agriculture and that is what to do. He therefore advised those engaged in manufacturing and producing any kind of goods from the country to take the issue of standardization seriously, it is something we must take time to look at.”
“I think the first thing is that we must involve those who are buying our products so that we are able to surmount the difficulties quickly. We should not think that so long we are okay with our products here others out there can accept.” [myad]