National Wire About Nigerians, Nigerian Business and Other Stories
Managing Director/Chief Executive Officer, Harvestfield Industries Limited, Prince Martins Awofisayo has debunked the rumour that the interventions of the Central Bank of Nigeria (CBN) on agro-processing were unrealistic and only on paper.
Awofisayo, a major player in Nigeria’s agriculture/food sector with bias for agrochemicals’ production and also an active member of Croplife Nigeria, an association of Nigeria’s major agrochemicals’ producers, in a recent interaction with the media authoritatively debunked an online news report by one of Nigeria’s newspapers that that was not the true state of the story.
As a major player in the country’s agrochemical industry, Awofisayo said the report has no truth in it.
“That is incorrect! It is unfortunate that we are reading that from the sector (cassava processors) that has greatly benefited from most of the CBN interventions in agriculture, that is, Commercial Agriculture Credit Scheme and Anchor Borrowers’ Programme,” he said.
He added that, “I am aware of a lot of agro-processors that have got funding support from the CBN. It is CBN that has revolutionised cassava production in Nigeria through its intervention funds.”
