Ebonyi State Governor Commends CBN Monetary Policies & Agric Initiatives


Following the positive impact of the Central Bank of Nigeria (CBN) initiatives towards improving the economy, particularly in the agricultural value chains, the governor of Ebonyi State, Engr Dave Umahi has applauded the Governor of Nigeria apex bank Mr Godwin Emefiele on the management of the nation economy through implementation of right monetary policies.

Governor Umahi gave the commendation in Abakaliki, Ebonyi State at a gala night for 22nd Annual CBN seminar for Finance Correspondents and Business Editors. The Ebonyi State Chief Executive said CBN was doing quite a lot as many states in the country would not have been able to pay salaries without the intervention of the CBN. We urged naysayers to desist from playing politics with national issues saying that the nation needs patriotic and God fearing People to succeed. Engr. Umahi appreciated CBN on the Commercial Agriculture Credit Scheme (CACS) and Anchor Borrowers Programme (ABP). Pointing out that the Country will not need to import Rice anymore as the CBN twin programme is helping Ebonyi to improve and enlarge its Rice production.

He explained that the State evolving an agricultural scheme called one man, one hectare so as to attain food security for the State and country. The Ebonyi State Governor who just came back from China on foreign investment tour said to ensure that Agriculture ventures in the State become profitable, a Chinese system of irrigation will be deployed, noting that recession presents opportunity to diversify the economy.

Some Commissioners and State Government officials that were present at the event include Barr. Augustine Nwankwagu (Commissioner of Justice and Attorney General), Dr. Denis Ekumankama (Commission for Finance and economic planning) and the Branch Controller, CBN Abakaliki, Mrs Obiageli Obiekwe.

Departmental Directors also present at the gala nite include Ms Chizoba Mojekwu (Capacity Development Department), Alhaji Ibrahim Mu\’azu (Strategy Management Department), Isaac Okorafor (Corporate Communication Department) and former Director, Corporate Communication Department, Maxi Ugochukwu Okoroafor.

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