The Central Bank of Nigeria, CBN has assured members of National Cotton Association of Nigeria, NACOTAN, Ekiti state chapter, of its financial assistance to enable them embark on massive production of cotton in the state.
CBN’s representative, Olutayo Sowumi, gave the assurance at the inauguration of the Recovery of Cotton Outputs for 2019/2020 planting season under the CBN and NACOTAN Anchor’s Borrower programme in Ekiti State.
He said that the apex bank management was delighted with the conduct and hard work of the NACOTAN members for maximizing the scheme in the State.
Governor Kayode Fayemi of Ekiti, represented by the Commissioner of Agriculture and Rural Development, Folorunso Olabode, said that his government was determined to support NACOTAN to nurture and sustain the production of cotton in the state.
Also, the State’s association chairman, Michael Olorunfemi, assured the Federal and State government that they were determined to work hard to produce cotton to boost the State and the nation economy in general.