The Central Bank of Nigeria CBN has reiterated its commitment to supporting livestock production in the country.
Director, Development Finance Department of CBN, Mudashiru Olaitan, made this known on Thursday in Yola while addressing a workshop for stakeholders on Sustainable Financing of Livestock Development in Nigeria organized by the apex bank.
Represented by Sani Mohammed of Yola branch of CBN, Olaitan urged other institutions to emulate CBN in supporting the livestock sector.
Olaitan who noted that the livestock sub-sector accounts for one-third of Nigeria’s agricultural gross domestic product, said the workshop would focus on financing options for the establishment of modern facilities for deep livestock management.
Participants at the workshop including representative of Pastoral Resolve Ahmed Bello and a member of Miyetti Allah Cattle Breeders Association of Nigeria MACBAN, Suleiman Sani who spoke lauded the development and urged for such programme to be domesticated at the local government level to reach the local herdsmen.