The Central Bank of Nigeria CBN Governor, Godwin Emefiele has warned armed bandits to drop their arms because time is running out for them, as the nation’s armed forces are coming after them with all they have and there will be no escape route for them. Emefiele said the only way out for the criminals is to embrace peace now.
The apex bank said this at the end of the two day MPC meeting in Abuja, on Tuesday, noting that the country is expecting 12 fighter jets to bolster the military arsenal against the hoodlums who are operating mostly in the northern parts of the country, adding that the security challenges in the country will soon be a thing of the past.
The federal government has recently said the Tucano jets ordered from the United States of America, USA were billed to arrive by the end of July.
President Muhammadu Buhari had, in 2018, approved $496 million for the procurement of the aircraft to boost Nigeria’s war against Boko Haram.
Emefiele said “If you want an economy to grow, the level of insecurity must be low because if there is a high level of insecurity like what we see today, the economy will suffer. Efforts are now targeted at south-eastern and north-eastern parts of the country.
“About three years ago, the federal government and the United States signed a pact that resulted in a government-to-government acquisition of military equipment, out of which, we are expecting 12 fighter planes that would help us solve our insecurity. I am aware that six of them are coming to the country in the month of July and August.”
Meanwhile, the CBN boss urged bandits and those living in the bushes to drop their arms and embrace the apex bank’s Anchor Borrowers’ Programme.
The Anchor Borrowers Programme, ABP is a scheme introduced by the CBN in 2015 to offer credit facilities to Nigerian farmers to bolster food production in the country. It is a major policy thrust of the President Mahamamdu Buhari’s administration meant to ensure food security.
The scheme was launched on November 17, 2015 through the CBN to boost agricultural production by Small Holder Farmers, SHF. More than N200 billion has been reportedly set aside for the scheme.
According to checks, over 3.1 million farmers have been financed for the cultivation of crops across twenty-one agricultural commodities captured under the ABP since inception, while a total of 3,107,890 farmers had been financed for the cultivation of 3,801,397 hectares across 21 commodities through 23 Participating Financial Institutions, PFIs in the 36 States of the Federation and Federal Capital Territory, FCT.
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