CBN Governor Just Disclosed Plans For NYSC Members Interested in Crude Oil Palm Business

Deprecated: mb_convert_encoding(): Handling HTML entities via mbstring is deprecated; use htmlspecialchars, htmlentities, or mb_encode_numericentity/mb_decode_numericentity instead in /var/www/nairametrics/wp-content/themes/nairametrics/functions.php on line 104

Nigeria is a funny country especially when it comes to policy making. We grant waivers to importers of products that we can easily produce here. Recently the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele was in Cross River State to inspect the oil palm plantaion of PZ Wilmar. He disclosed that Nigeria loses a total sum of N24 billion annually on waivers granted to importers of crude oil palm into the country. Whilst that is an expected rhetoric I likes the message he had for NYSC members who might be looking at venturing into Agriculture.  Here is what he said.

“The CBN will stop at nothing to ensure that graduates and farmers who may want to venture into oil palm plantation business are given adequate training and financial assistance.

“We will work with the NYSC to see how we can send some corps members on industrial attachment to PZ Wilmarr oil plantation for adequate training on various fields of agriculture.

Other News

• Stanbic IBTC PMI: Nigeria’s private sector expands for fifth consecutive month in June
• NDIC begins liquidation, warns public after CBN closes 46 microfinance banks
• RMAFC submits political office holders’ pay review to Tinubu

“We will give them grants and after a year, we will give them loans with which they can nurture their life and become entrepreneurs with the help of PZ Wilmarr. We will make some funds available so that they can buy seedlings and with that they can expand the base of palm plantation business in Nigeria.

Whilst you might want to dismiss this as yet another rhetoric, I think this is one policy he can easily push for and get quite easily. There is so much opportunity in Agriculture and we have the manpower that can transform that sector into the new oil. Where else can you find that sort of quality  labour if not with the NYSC

You can read the rest of his visit to PZ Wilmarr here TRIBUNE