The Managing Director/CEO of Heritage Bank, Mr Ifie Sekibo, has expressed concerns over the high wheat import bill of Nigeria, noting that it was for this reason the bank was collaborating with the Central Bank of Nigeria (CBN) to adopt a novel approach to boost local production capacity.

In a bid to meet high demand amid poor production capacity of wheat, the Central Bank of Nigeria and Heritage Bank Plc have adopted a novel but more robust approach to boost local production and reduce dependence on importation.