RADP / Pulse Nigeria > News > business

North West group commends CBN Gov over N220B

temitope a

April 25, 2016 1:13 PM

North-West Amalgamated Social Media Group has commended the governor of the Central Bank of Nigeria, Mr. Godwin Emiefele, for voting N220 billion as loans for micro small scale entrepreneur development.

CBN Governor

The nongovernmental organization, also said, the additional N2billion voted for commercial agriculture credit scheme by the CBN is commendable.

The secretary of the group, Malam Mohammed Ibrahim gave the commendation at a media chart in Kaduna on Friday, April 22, 2015.

Ibrahim said the move in disbursing the funds to small scale businesses by the CBN as loans will boost the nation economy most especially now that there is dwindling price in oil revenue.

The Northern group secretary said the agricultural fund will not only boost food production, but will also provides job opportunity to the teeming unemployed youth.

Ibrahim who said the CBN policy will boost the production of cassava, wheat and rice added that N300 billion has been earmarked to address the lingering power supply across the country which if completed, will aid small scale businesses to grow.

“The loan to this effect is a single digit interest,” Ibrahim said while calling on Nigerians to rally round the present administration to succeed.

temitope a

Enhance Your Pulse News Experience!

Get rewards worth up to $20 when selected to participate in our exclusive focus group. Your input will help us to make informed decisions that align with your needs and preferences.

I've got feedback!