The Governor of Central Bank, Dr Godwin Emefiele, says Edo State can
generate more than two hundred thousand jobs and millions of dollars
in foreign exchange from cultivation and palm oil processing.
Dr Emefiele stated this at the first convocation lecture of Edo State
University, Iyamho, Auchi.
In his lecture titled: “The Role of Monetary Policy towards Economic
Growth in Nigeria“, Governor Emefiele said agriculture is one of the
surest ways of growing the economy.
He said during the peak of the oil crisis, Nigeria earned close to twenty-three billion dollars from exports of crude oil in 2017 as against Indonesia which earned close to twenty-two billion dollars from palm oil export within the same period.
Dr Emefiele noted that Nigeria had large arable land that could be put
to good use in the cultivation of not only palm oil but also cotton,
cocoa, tomatoes and rice, among others.
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