Agriculture
Prioritise Forex Allocation To Auto Industry, Council Urges CBN
The National Automo
tive Design and Development Council (NADDC) has urged the Central Bank of Nigeria (CBN) to prioritise foreign exchange allocation to the automobile industry.
The council’s Director of Policy and Planning, Mr Luqman Mamudu, made the appeal in an interview with newsmen in Lagos yesterday.
Mamudu said the appeal was to enable the local manufacturers to acquire critical components for production and to safeguard their investments.
He said it was essential that forex allocation to the sector was prioritized, since the essence of the automotive policy was to boost local capability and restrict importation of used vehicles.
According to him, scarcity of forex is undermining the development of the industry.
“Presently, the local assemblies can produce 210, 000 vehicles per annum. We believe that with encouragement from government, it can improve.
“But, most assemblies are facing challenges of sourcing for foreign exchange for critical inputs, which has led some to staff lay off.
“To sustain the auto industry, local assemblies need encouragement from the government to access foreign exchange for production,’’ he said.
He stressed that the automotive industry was a critical sector capable of creating jobs and impacting on other sectors of the economy.
Mamudu said the automotive industry was capable of driving the agricultural sector because farm tractors were produced by the automotive industry.
“It also drives consumer goods like washing machines, motorcycles, boats used in the marine industry. The automotive technology is really versatile, that is why developed countries do not joke with the industry.
“We cannot keep importing vehicles. We must develop our capacity locally, so that we do not continue to rely on other countries,” Mamudu said.
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FG, Ogun Distribute Inputs To 2,400 Farmers
Federal Government and the Ogun State Government, on Wednesday, distributed farm inputs to farmers as part of effort to address food security challenge.
The State Director, Federal Ministry of Agriculture and Food Security, Dr. Toyin Ayo-Ajayi, during the flag-off ceremony of Inputs Redemption Under The National Agricultural Growth Scheme-Agro Pocket (NAGS-AP), in Ogun State, disclosed that beneficiaries of the gesture were primarily rice, maize and cassava farmers across the State.
Ayo-Ajayi commended the Ogun State Government for partnering with the government at the centre for the effort in supporting farmers with inputs that would bring about yieldings for local consumption and likely exportation.
She noted that government is supporting rice, cassava and maize farmers with inputs worth N212,000; N189,000 and N186,000 respectively.
The Permanent Secretary in the State Ministry of Agriculture, Mrs Kehinde Jokotoye, who represented the Commissioner in the Ministry, Bolu Owotomo, stated that traditional farmers are critical in food production, hence the need to encourage and support them with inputs that would bring about desired results during harvesting.
Owotomo said: “Let us make good use of this opportunity, so that the success of this phase will make farmers benefit more from the state and federal governments of Nigeria.”
Earlier, State Coordinator, Federal Ministry of Agriculture and Food Security, Dr. Oluwatoyin Ayo-Ajayi, appreciated the present administration for partnering with the federal government for the initiative, adding that the programme is designed to support farmers at the grassroots level in cassava, rice and maize with inputs such as, seeds, pesticides, herbicides and fertilizers, to boost their production and enhance their livelihood.
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