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LequteMan
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Nigeria's Minister for Agriculture and Rural Development, Akinwumi Adeshina has said that the nation's economy for the past three years has been positioned to contain Naira devaluation and overcome the hurdles caused by the dip in price of crude oil, Leadership reports:
He said that the diversification of the Nigerian economy from oil and gas as well as the increased food production is what has created the buffer to the devaluation of the Naira.
“We knew to diversify the economy and we have and because of the food production and the fact that we have produced over 21 million metric tonnes of additional food, that has created the buffer that we see today.”
Akinwumi made the assertion in an interview with Journalists following the Launch of the Youth Employment in Agriculture Program (YEAP) and the Fund For Agricultural Finance in Nigeria (FAFIN) in Abuja yesterday.
#Nigeria #YEAP #FAFIN #Abuja
He said that the diversification of the Nigerian economy from oil and gas as well as the increased food production is what has created the buffer to the devaluation of the Naira.
“We knew to diversify the economy and we have and because of the food production and the fact that we have produced over 21 million metric tonnes of additional food, that has created the buffer that we see today.”
Akinwumi made the assertion in an interview with Journalists following the Launch of the Youth Employment in Agriculture Program (YEAP) and the Fund For Agricultural Finance in Nigeria (FAFIN) in Abuja yesterday.
#Nigeria #YEAP #FAFIN #Abuja
