 Thank you for staying with us. You're still watching the breakfast on plus TV Africa. It's time for a hot topic And this says at our committee inaugurated to probe CBN's Encore borrowers ways and means and joining us had a conversation is dr. Ibrahim Osinoa is a member at the APC presidential campaign council of 2014 2019 and 2023 good morning. It's a Brian. Thank you for joining us Good morning. Nice to see you guys. Good morning. Welcome to the program. Okay, so we're talking about an adult community being inaugurated first Nigeria's death profile is a lot. It has reason and it keeps rising every year year in year out, right? But then there's an adult committee that's now been inaugurated to you know Just check out our borrowing to ensure that the debt profile isn't going you know so much I want to believe but what do you think about the the setup of this community and it being inaugurated in the first place And do you think this can actually help? To combat the borrowing that we have that is so much in Nigeria Just just joining that taking into consideration the fact that the farmers that are supposed to even have this Money to borrow this money and do their farms and all that did not get to see the money at all But we still keep getting the money that we are saying we are giving to the farmers and it's not getting to them So would like your comment on it Okay Depth management system and governance is not actually a big deal, you know borrowing is allowed in any you know any, you know Democratic or in leadership setting What I've realized that is going on in Nigeria is that We always want to put blame on the present, you know leadership of the country However, governance is continuous I can agree with you that most of you know our leaders past leaders has borrowed You know recklessly on things that you know, not really really important in our country You know when you borrow on capital projects will grow on investments and the borrowing trickles down into the economy in terms of you know Addressing the or attacking the major sector that are lacking or deficit sector that are lacking, you know funding like agricultural Manufacturing power and rail system. These are, you know reasons coldest reasons why you can, you know, we can borrow However The committee that was set up By the National Assembly, I think it's it's it's a you know good, you know Peg in the right. Oh They have to look into the borrowing system. I don't really support borrowing recklessly, especially when we're even going into, you know A deep red reception reception in the country inflation is at all time high But I believe the leadership of the country is now is providing, you know some leadership to tackle these things, you know The committee let's wait for them. Let's see what they are coming up to do is a is a is a right You know thinking in the right direction Just to monitor what they are doing and ensure that, you know Any borrowing request from executive is Historical to nice. They have to check it. They have to look inward. They have to, you know, plan, you know Towards the future of this country. We're almost going to we have the budget of 28 trillion in our hands Are we borrowing they are we borrowing to fund the budget again? I read in the newspaper yesterday that, you know, the federal government has accrued almost 100 billion From MDAs and ministries, you know, these are things that will support the budget that will lower the You know, the borrowing part of the government, but generally speaking, you know, the Ministry of Agribusiness to look inward How are the farmers receiving the support from federal government? Are farmers equipment being subsidized? You know What are the security measures the government is providing for farmers in a rural community Like the north east, the north west, the north central, you know, we can be hungry in this in this country We have factor land You know, we have one of the best soil in the world We can grow anything from Benway to Nigeria from Nigeria to Jaws Jaws particularly has one of the best soil that can produce massive Different foreign fruits in this country that will handle foreign currency So we need to protect the farmers. We need to ensure that those farmers receive any budgeting funds that they have and that the government have for them We need to develop, you know Direct strategy on how to mobilize and support these farmers So I believe the government will come out as well as the minister of agricultural Senate, okay It's going to come out one of the fantastic, you know, module of, you know, funding these Rural farmer dwellers. So I believe the government will do one of the best, you know A funding process to ensure that those funds gets into the right hand and in the rural community For them to grow food for Nigeria A lot is going on in the country. I agree with you. People are hungry. Things are expensive But I believe that the leadership is working tirelessly, you know, to ensure that those farmers have funds to produce More crops for horse, more food for horse, you know, to feed in the country So concerning the The committee, uh, yes, it's a good. It's a good one. Let's see what they're going to come up with. Let's see. They are, you know, they are A committee strategy. Let's see what they are going to, you know, come up with times of recommendation You know inquiries and other things that are, you know, going on in, you know, in the funding portfolio of the country The borrowing portfolio of the country If you were to advise, what would you tell them? Because uncle Borah's program was supposed to make the farmers Have money to plant by now. We should have been In abundance of food, but we we didn't get to see this money get to them and all that. That's why there is this probe Some of them sometimes they said that the farmers themselves borrowed the money and did not return or all kinds of things But the bulk of the farmers didn't see this money So, uh, so subsidy that you were talking that maybe the if they subsidized and all that a lot of farmers Didn't see at all, especially in the south. I don't know about it in the north But I especially in the south they didn't see at all. So if you were to recommend Uh, one of the things at least that will make This program a success in future because I'm not I'm not hoping that they are going to stop a program Maybe the name will change the dynamics will change and all that But what will you recommend that they do so that it would be a success? Um in 2015, let me let me quickly recap this in 2015 That was a commissioner in a state and I'm part of the what with professor Acu Acu Acu me uh the former the then minister for agriculture We're part of the team that was that was like the best that was That's a special opinion But that was like the best uh minister for agriculture that I remember because in his time Farm inputs and everything got to the villages that we never expected it will get to I don't know the experiences of other places But I know of my village which is very remote and things got to where they should go to So if we are using that as a yardstick, I don't know But after that we didn't see much about You do not allow me to you know, you know allow me to learn on my thoughts I needed to commend your time. I needed to commend your time You say you were part of it when he wasn't at the helm. That's why I said that I'm just trying to give you a simple background of you know, how you know leadership can be provided When it comes to where you are ready for leadership Leadership can be provided, you know, where you are In a position of authority to lead and the particularity seems, you know, enhancement of the country is one of the top Agenda of yours there you can perform. I'm giving you a background on Uh african leadership, you know summits and especially on agricultural revitalization and funding us at that time Most I think about 12 of us We're in angola. We're in the zambia Then singapore and the rest of it What are the human objecting? Our human objective back then was to ensure that we produce what we heat And we heat what we produce and how do we do all these things? The recommendation to fellow government at that time is that we need Farm community farm community in singapore means that each state we have a farm community Like a local government Becage for a community you have your primary care center there. You will have a police station there You have a primary school there. You have a secondary school there Farmers will produce in max. They will have what they call preservation systems Most of this community for instance, let's use equally local government If it is a farm community What the federal government is doing is that they will have the statistics of the farmers producing crops Producing cassava producing, you know a food and the rest of them are producing Producing rice. What they will do is to fund The community the community will become an association The association will get the funds. They know their their members They know what their target the target the federal government will give them in a year or per season They will produce sell to the federal government Sell sell to the state government. They sell Sell subsidy to the to the to the farmers The federal government will send something to the farmers directly and I believe dr. Hugh me makes that works Most farmers as mobile numbers most farmers as mobile food Where they can get their transaction alerts where they can get tips and trainings, you know If a farmer has produced an essence of yam two bars for instance, you can have the off-takers From anywhere in the state From another community And at that time you realize that a lot of people are shipping yams yam two bars outside the country A lot of cassava is where you know being produced locally and farmers are happy I believe we can go back to that. I believe this administration can also do very very very well in terms of You know ensuring that those funds those subsidies gets to you know farmer. I understand what's going on The lack as an institution tried its best, but the best is not enough in terms of you know Supporting the agricultural and agribusiness in this country. It has been you know a calamity Where the Nigeria population of over 250 million could not produce what we eat So I believe the government has a lot of things to do in agricultural sector. I have you know You know, you know scrutinize the budget of minister of agri And I can see that the vision the president has a very big vision for minister of agri Now the next place is implementation What are they putting forward? What are the risk analysis? What are the enterprises model of dispatching funds to the farmers? How are the farmers getting these funds? Then at the same time don't aim that when you give farmers funds They have to pay you back in cash is not necessarily so you can give them funds and they pay back improved produce I don't know if you understand what I mean the payback in produce That's when the federal government need to have what we call the food bank The food bank means that if there's going to be a central food bank in aqua even for instance Where most of the community and farmers can go and sell If they don't have off the can they can go back and repay their loan through this product to the federal government Anywhere in the world go to Canada go to uk Any soft little farmers the aim and objective of the of the government is not to recover the funds They can recover the funds through so many things when you have excess food in the population It will naturally reduce inflation It naturally reduce unemployment It naturally reduce a lot of things You know, uh for citizenry. So I believe that this government needs to do more This was prime minister of agri but what needs to do extraordinary Um, I give it to those to my dear friend at the governor of um, Niger states Yeah, he's doing it fantastically when in terms of forecasting what the future holds. He's just imported Almost about 200 2000 tractors tractors is not enough. That's a good start. But tractors is not enough If you have 2000 tractors, who is going to use them? What section of agricultural produce are the targeting? What is the land? You know Max community are you building? Who is going to fund these farmers when you fund them? How do you monitor them? What are the risk implications of this, you know, farming process the equipment What are the management and maintenance process are you, you know, giving out to them? Yes, John Deere is doing fantastically well. But Nigerians always carry the way with all these, uh, John Deere, John Deere when you go to Ghana for instance, John Deere has not performed credibly well Most of their products, they don't have a good maintenance. So I will advise Nigerian government to have various chains of, you know agricultural, you know Mechanized agricultural manufacturers who produce so many equipment like other stars like a grillers like a preservation machines and the rest of this When you produce tomato, you have to preserve them when you produce, you know Uh Okay, all right It's yes Okay, thank you. It's it's good that we can put a face It's good that we can put a face to one of the people who made it happen because I've always said it that in the time of our Kiwumi additional Things really worked. Well, I hope that the government will go to that template and even make it better now But uh, unfortunately, we've run out of time. We'd like to thank you for being a part of the program today We always welcome. Thank you so much. Thank you guys. Yes All right, even speaking with dr Ibrahim Osino is a member of the apc presidential campaign Council of 2014 2019 and 2023 and we've just been talking about the adult committee That has been inaugurated to prove the syrians anchor borrowing ways and means We'll go on a short break and one return really can add up next hot topic. Please stay with us