In his reaction to the popular CBN fund meant to boost food security in Nigeria, Seasoned entrepreneur and Politician Olanrewaju Michael George OMG has said that the fund will never achieve its aim of boosting food security.

According to him, the country can not continue to do things the same way and expecting different result.

“This fund had never and will never achieve the aim at which it is meant for. We have been doing same thing for a very long time and expecting different results”

In his suggestion, Olanrewaju said that the money should be disbursed to commercial banks at zero interest rate instead, for easy access by registered farmers in the nation.

“It is only a mad man that will continue to things the same way and expect a different result, and I know Nigerians are not mad. All we just need to do is give this money to commercial banks at zero interest rate to disburse to real farmers which has there KYC”.

He said that commercial banks already have there ways of recollecting there loans with a proper follow up on there clients.

“Commercial banks already have there ways of recollecting there loans and how to follow up on the client to ensure the money is spent truly on food security” He said

He added that the fund will also increase the running capital of commercial banks.

“Besides this will increase the running capital of our commercial banks, leading to more innovative and effective delivering of there services”.