Agriculture can take Nigeria out of recession – CIBN chairman


Mr Abdulraheem Yusuf, the Chairman, Kwara chapter, Chartered Institute of Bankers of Nigeria (CIBN), on Wednesday, said the Federal Government’s agriculture intervention programme could take the country out of recession.

Yusuf, who gave this hint while speaking with the News Agency of Nigeria (NAN) in Ilorin, added that the effective management of exchange rate could equally take the country out of recession.

He therefore called on Nigerians to ensure that they added value to agriculture in all its ramifications in order to earn foreign exchange.

“With food production and reduction in the level of corruption and unemployment, the government can get us out of the situation we have found ourselves,” he said.

Yusuf said that the government also needed to police the borders more effectively to reduce smuggling.

According to him, smuggling is harmful to the economy because people are making sacrifices to produce for export as well as for local consumption.


“Regrettably, people still smuggle goods, so effective policing of our borders through the custom officers will help a lot to encourage local production,” he said.  

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