The Buhari administration will get 12 fighter planes by August to fight insecurity.
Emefiele disclosed this while answering questions at the end of a two-day monetary policy committee meeting in Abuja.
The CBN Governor lamented how insecurity has affected the economy, adding that the arrival of the planes is in line with a pact made between the Nigerian government and the US government three years ago.
He said, “If you want an economy to grow, the level of insecurity must be low because if there is a high level of insecurity like what we see today, the economy will suffer.
“Efforts are now targeted at South Eastern and North Eastern parts of the country. About three years ago, the Federal Government and the United States signed a pact that resulted in a government-to-government acquisition of military equipment.
“Out of which, we are expecting 12 fighter planes that would help us solve our insecurity. I am aware that six of them are coming to the country in the month of July and August.”
Emefiele took advantage to re-introduce the apex bank’s Anchor Borrowers’ Program, which is in its fifth year, designed by the CBN to boost food production as he called on bandits to surrender and be a part of.
“I, therefore, would like to appeal to our brothers, who decide that they want to live in bushes and forests that they should please, begin to retreat, drop their arms and come and embrace the anchor borrowers’ program.
“If they do so, it will help them; if they choose not to do so, they will be confronted by the security as this battle continues.
“I am optimistic before the end of the year, around the year of the end, the security challenges confronting the country will substantially abate,” he added.