Founder of Stanbic IBTC Bank Atedo Peterside has hailed northern governors for admitting that open grazing was no longer sustainable, Igbere TV reports.

The governors reached this conclusion during an emergency meeting on Monday held virtually to discuss issues affecting the region and the nation in general.

In a tweet on Tuesday, Mr Peterside said the governors’ admission was “better late than never”.

“Kudos to the Northern Governors for calling a spade a spade; the 2014 National Conference (where I was a Delegate) came to this same conclusion that open grazing was no longer sustainable in 21st Century Nigeria. Better late than never,” the businessman said.

The governors resolved to sensitise herders on the need to adopt new methods of herding by ranching or other acceptable modern methods.

They also appealed to the Federal Government to support states with grants to directly undertake projects of modern livestock production.