A call has gone to President Muhammadu Buhari not to scrap or merge the Bank of Industry with other institutions in the country.
A former Chairman of Ijebu East Local Government Area of Ogun State, Comrade Tunde Oladunjoye, made the call at the weekend in Ijebu Ode, Ogun State.
Oladunjoye’s call was contained in a paper titled “A Call Back to Farming,” which he delivered at a seminar on Agriculture, with the theme: “Agric Business Opportunities in the Recession Era.”
The seminar was organized by Egbe Bobamayegun Okunrin Akile Ijebu.
Oladunjoye, a Media Consultant to the World Bank on FADAMA III Additional Financing, remarked: “I want to join millions of Nigerians in calling on President Muhammadu Buhari, GCFR, our listening President, not to scrap or merge BOI with any other bank or banks, or agencies.”
Speaking further, the World Bank Consultant said: “Over the years, the BOI has secured the confidence and cooperation of national and multilateral organizations. Therefore, merging the bank with any other financial institution will be a disservice to Nigerians and a big disappointment to world bodies like UNDP, UNIDO, USAID, and so on, that have already actively bought into the BOI and its transformative agenda of providing the much needed oxygen for Nigeria’s industrial growth.”
Oladunjoye, while commending the BOI, led by Waheed Olawale, observed that recently the BOI published a lists of Small Medium Scale Businesses it was supporting, adding: “I am happy to note that Agric businesses/ventures are also on the list.”
He urged Nigerians, especially the youths, to form themselves into cooperatives to access the products being offered by BOI and others.
He said: “What is expedient now, is to quickly build on the success of the rice revolution by the current administration, is modern mechanized farming that will take full advantage of modern technology for the benefits of our teeming population.
“We should produce food and crops that we have comparative advantage on. Not only this, we should forge ahead to add value to our farm produce through agro-processing and other aspects of the agricultural value chain.”
Describing the seminar as timely, Oladunjoye commended the organizers, urging them to organize their members and get involved in farming.
He added: “This will no doubt contribute to, and quicken, the concerted efforts by President Muhammadu Buhari to take Nigeria out of recession sooner than later. It will also be a practical boost to our culture as it will project that the Regberegbe (Age Groups) of Akile Ijebu is not about feasting, wining and fashion parade alone.”
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