Nigeria's Central Bank donates 2.15 million bags of fertiliser, worth over N100bn, to the Ministry of Agriculture to address food inflation and improve food production.

Nigeria's Central Bank (CBN) has donated 2.15 million bags of fertiliser, valued at over N100bn, to the Federal Ministry of Agriculture and Food Security to help address food inflation and improve food production in Nigeria. The donation aims to mitigate the rise in food prices, which is a significant factor in inflation, and to support the CBN's focus on maintaining price stability and confidence in the economy. The Ministry of Agriculture plans to distribute the fertilisers to farmers across the country to enhance food productivity and security.

March 13, 2024
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