Zawya

The Central Bank of Nigeria says weak agricultural infrastructure across the country stems largely from farmers' difficulties in accessing finance. The bank argues that without better credit availability, investment in irrigation, storage and rural roads will lag, holding back the agricultural sector.

Economists and financial experts are calling on the Central Bank of Nigeria to redirect the country's large inflows of diaspora remittances into productive sectors of the economy rather than letting them go mainly to household consumption. The discussion, reported by Zawya, reflects growing concern that billions sent home by Nigerians abroad could be better harnessed for investment in areas like industry, agriculture and infrastructure.