Emefiele, has said.Emefiele, who disclosed this, on Thursday, at an inaugural meeting of
the Steering Committee for the repositioning of the NCX, added that the
apex bank would also revalidate its 59.7 per cent majority shareholding
in the Exchange, to enable it implement far reaching measures, including
the reconstitution of its Board and Committees.
“This meeting is aimed at putting in place the enabling structure and
framework that would lead to repositioning of the NCX into a
commercially viable platform in Nigeria, for delivering efficient
pricing of Nigeria’s Agricultural produce.
“The key objective is to brief stakeholders on Mr President’s recent
approval of a proposal to reposition the NCX and discuss the modalities
for repositioning the institution,’’ he said.
He reiterated that the Federal Government, through the CBN, had
implemented several intervention schemes in the agriculture and
manufacturing sectors.
“The schemes are aimed at boosting employment generation and wealth
creation, reducing our dependence on imported food items, conserving our
foreign exchange earnings and spurring economic growth.
“These interventions in the agricultural sector, particularly the Anchor
Borrowers’ Programme and Commodity Development Initiative, sought to
strengthen key agricultural commodities’ value chains.
“They will also enable improved productivity in the agricultural sector
and increase sourcing of inputs locally by stakeholders, in the
manufacturing sector,’’ he said. (NAN)