How Government Plans To Ease The Hardship - CBN Reveals

The Central Bank of Nigeria (CBN) yesterday unfolded policies to reduce hardship of Nigerians and the current economic recession.

CBN assured federal government and the apex bank were aware of the prevailing tough economic climate, assuring that the situation would soon be overcome.

CBN’s acting director Corporate Communications, Isaac Okoroafor said at a fair organised for small and medium scale enterprises, artisan, farmers, banks, hairdressers, barbers, shoemakers and other business groups in Enugu, that N220billion made available for Micro Small and Medium Enterprises (MSMEs) could be easily accessed.

He said 60 percent of the funds were meant for women and women-owned enterprises. He revealed that some states had already accessed the funds to the tune of N2billion.

According to World News, he added that the CBN also has the Commercial Agric Credit Scheme (CACS) for larger commercial farmers.

Okoroafor explained, “If you are a serving corps member and you want to get into business, you can get as much as N3 million to start as an entrepreneur. What happens is that you are not required to provide any collateral because we discovered that collateral is the problem. Your degree or HND certificate will serve, as your collateral because we know it is an asset in which you have made investment. So, just surrender it, and that is all.”

On other policies to help stabilise the economy, Okoroafor said: “Look at rice for instance, 28 out of 36 states can produce rice, so, we have launched a programme called Anchor Borrowers Programme. It is not only on rice but also on tomatoes, palm produce and other farm produce.”

But for all the years that CBN has been in existence, how far with all these "policies"? It is well.

How Government Plans To Ease The Hardship - CBN Reveals How Government Plans To Ease The Hardship - CBN Reveals Reviewed by Link Naija on 03:41:00 Rating: 5

1 comment:

  1. Do You Need A Powerful Africa Native Doctor? I Mean A Spiritual Herbalist
    With Great Spirit Connected To Ancestors. Call +2349053014785 Dr omonzokpia
    James Is A High Voodoo Priest Master. He is a Spell Caster, Native
    Doctor, Spiritual Herbalist, Powerful Sickle cell Healer, Spiritual
    Astrologer, Psychic Reader, Multi Guru, Witch Doctor, Priest Of Africa
    Money Ritual.

    Have You Been To Native Doctor to Native Doctor Without Any Solution To
    Your Problems Or Rather Add To it? Have You Been To Place To Place In View
    Of A Powerful Native Doctor That Can Solve All Your Predicament, You Must
    Understand That There Is A Native Doctor That Supersede All Native Doctor
    Among All Native Doctor, If You Are In Search Of A Powerful Native Doctor
    With Great Spiritual Powers, Then You Must Be In Search Of A Native Doctor
    That Derives Power From The Marine World. That Is The Spirituality Of The
    Greatest Africa Native Doctor omonzokpia.
    Dr James Is Recognized All Over The World Of Marine Kingdom, As One
    Of The Top Fortunate And Most Powerful Native Doctor Of Charms Casts From
    The Beginning Of His Ancestors ship Until Now Dr o lives Strong
    Among All Other Native Doctors, There Have Never Been Any Form Of
    Impossibility Beyond The Control Of Dr omonzokpia. It Doesn't Matter The
    Distance Of The Person With The Problems Or Situation, All You Have To Do
    Is Believe

    In The Native omonzokpia charms Casts That Works, He Always
    Warns Never To Get His Charms Casts If You Do Not Believe Or Unable To
    Follow His Instruction.
    It Is The Assignment Of The Native Doctor Dromonzokpia To Offer
    Services To Those In Need Of Spiritual Assistance Not Minding The Gravity
    Of Your Situations Or Distance As Long As Water, Sea, Ocean, Lake, River,
    Sand etc. Are Near You, Then Your Problems Of Life Would Be Controlled
    Under Your Foot.

    If You Need Any Spiritual Help On Any of These:
    Get Your Lover Back
    Fruit Of The Womb
    Business Boom
    Financial Breakthrough
    Get Rich Without Ritual 09053014785
    Do As I Say
    Bad Dream
    Promise And Fail
    Spiritual Attack
    Land/Court Case
    Mental Disorder
    Political Appointment
    Visa Approval
    Examination Success
    Spend And Get Back
    Good Luck
    Natural Health
    Diabesity (Diabetic+Obesity)
    Sickle Cell
    Win Court Case
    Promotion At Work
    Commanding Tone
    Protection Ring
    Marriage Success
    Love Ring
    Favour Ring
    Recover Lost Glory
    Spiritual Power For Men Of God
    Travel Success Ring
    Job Success
    Lotto/Pool Win And Many More.

    Make Haste To Call Dr omonzokpia On +2349053014785. Or Mail Him to For Spiritual Problem Today And You Will Surely
    Get Solution To All Your Predicament.

    Email: ..09053014785


Disclaimer: Opinions expressed in comments are those of the comment writers alone and does not reflect or represent the views of