Post COVID-19 Economy: Stakeholders praise CBN for bailout funds

Looking for job? your search ends here! Visit https://recruitmentportalngr.com/  to apply now OR Send us a WhatsApp Message here!




Post COVID-19 Economy: Stakeholders praise CBN for bailout funds – Manufacturers have praised efforts of the Central Bank of Nigeria (CBN) on the planned disbursement of N93.2 billion out of N1 trillion intervention funds targeted at manufacturing and agribusiness sectors for economic recovery, post COVID-19.

Director-General, Lagos Chamber of Commerce and Industry (LCCI), Dr Muda Yusuf, while giving kudos to the CBN  initiative, nevertheless lamented the difficulty faced by would-be beneficiaries in accessing the funds.

He told the News Agency of Nigeria that many businesses have reported their inability to access the loan facilities to the chamber, imploring the CBN to undertake periodic impact assessment of the fund and publish the status of implementation, such as disbursements, number of beneficiaries and general impact of the funds.

He said: “Finance is critical to strengthening the real sector of the economy. Funding is necessary but not sufficient condition to transform manufacturing, agriculture and mining sectors.

We need more active interventions from regulatory agencies, the Nigerian Customs Service, better power delivery from the electricity sector, better transport logistics, seamless cargo clearing processes and an investment friendly bureaucracy.”

These complementary actions, Yusuf stressed, are desirable and important to achieve the desired outcomes of a truly diversified economy,  urging commercial banks to take a cue from the CBN in the promotion of economic development goals.

On his part, the Director-General,Manufacturers Association of Nigeria (MAN), Ambrose Oruche said the apex bank’s plan is a prerequisite for, and critical to economic growth and recovery, post COVID-19, saying the manufacturing and agric sectors being large drivers of employment, industrialisation and economic growth, needed adequate monetary policy intervention.

“The disbursement is in line with Federal Government’s agenda to keep exploring options with the private sector to fund investments in infrastructure,” saying “this is expected to aid employment generation, support production and boost output growth and so is a very welcome development.”

The CBN Governor, Godwin Emefiele, at the Monetary Policy Committee Meeting last week, said the bank will disburse N93.2 billion out of the N1 trillion intervention provision to boost manufacturing and agriculture.




Do you need high paying jobs in Nigeria? If yes Submit your CV here and stand a chance of landing your dream job!

About Sam Gabriel 924 Articles
Samson Gabriel a graduate of mass communication from Auchi Polytechnic, he is a passionate writer with experience in radio scrip writing. He brings his experience from the broadcast media into play here as he continues to enjoy his passion as a journalist. He can be contacted via whats-app on: +234701105670

4 Comments

  1. GOOD DAY SIR/MA

    HAVE YOU HELD ABOUT RICH CONNECT TRUST INVESTMENT…?

    RICH CONNECT TRUST INVESTMENT is a matrix system which give you DOUBLE of your CAPITAL back in ( 45 Minutes ) after Registrations

    RICH CONNECT PACKAGES
    N20,000——N40,000
    N40,000——N80,000
    N50,000——N100,000
    N100,000—–N200,000
    N150,000—–N350,000
    N300,000—–N600,000
    N200,000—–N400,000
    N400,000—–N800,000
    N500,000—–N1,000,000

    NOTE: we credit your account after 45mins of Your Registeration
    INTRODUCTION
    RICH CONNECT TRUST Investment is a company duely registered under the Coporate Affairs Commission of Nigeria and certified fraud free to do business in Nigeria by the Economic Financial Crimes Commission (EFCC). This is a Nigerian network marketing company founded by Okafor Alex Monye with it’s Head Quarter’s. The company takes pride in the fact that it stands out amongst other network marketing companies. It has the best compensation plan, affordable and effective services, systems that keeps her customers coming back for more. When you join this company, you get more than their outstanding services.

    07046246360

    ITS SIMPLE HERE!!!!!!!
    We trade with hard currency here like bit coin we make 3tripple of your donation and send you you two part and we benefit one part Example if you invest with 100k within 25mins we make profit of 300k then send 200k to you then profit 100k This is not mmm where they merge people to donate for each other
    You pay directly to us and we credit you directly

    Contact Mrs. GOODLUCK TIMOTHY
    07046246360

    NOTE:- YOU GET CREDITED BACK IN LESS THAN 45 MINUTES.

    CHAT US-UP IF INTEREST FILL YOUR FORM AND START EARNING

    NOTE: You can finish reading this and decide not to take the necessary actions, but the next time you want to complain about not having money, just know that you are on your own problem.

  2. AUCTION AUCTION AUCTION
    (07026536478) NIGERIA CUSTOM’s YEARLY AUCTION’s OF IMPOUNDED VEHICLES ARE NOW
    FOR SALES,
    APPROVED BY THE FEDERAL
    GOVERNMENT AT A CHEAPER AND
    AFFORDABLE PRICE,IF YOUR CHOICE OF CAR IS NOT LISTED BELOW, INTERESTED BUYERS
    SHOULD CONTACT ME ON
    (07026536478) FOR PURCHASE AND INQUIRY.!!!PLEASE NOTE!!!

    THE NIGERIA CUSTOM ”REPLACEMENT AND RECRUITMENT” FORM IS OUT FOR REGISTRATION!!!
    BAGS OF RICE =N10,000
    KEG OF OIL=N7,500

    CAR FEATURES AND PRICES BELOW
    GOLF 1, 2, 3,4 ,5.=N150,000 to=N 500,000

    Toyota Camry Big Daddy=N650,000.
    Toyota Camry Tiny-Light=N450,000.
    Toyota Avensis=N550,000.
    Toyota Hilux=N1M
    Toyota Avensis=N650,000.
    Toyota Camry Muscle=N 600,000. & Spider=N600,000.
    Toyota Avalon=N550,000
    Toyota Rav4 SUV=N800,000.
    Toyota Sienna=N850,000.
    Toyota 4Runner=N850,000.
    Toyota Tundra=N1.5M
    Toyota picnic=N450,000.
    Toyota Highlander=N1M.
    Toyota Corolla=N550,000.
    Toyota Prado=N2M
    Toyota LandCruisser=N2.8M.
    Toyota Yaris=N500.000.
    Toyota Matrix=N450,000.
    Toyota Haice Bus=N950,000

    Acura MDX =N900,000.
    Acura ZDX=N970,000
    Acura TL=N850,000.

    Honda Pilot=N800,000.
    Honda Baby Boy=N650,000.
    Honda End of Discusson(EOD)=N550,000.
    Honda Odyssey=N800,000.
    Honda Accord=N550,000.
    Honda CRV=N600,000.
    Honda Civic=N500,000.

    Infinity Fx35=N1.7m.
    Infinity Fx45=N1.2m.
    Infinity Qx4=600,000.

    Nissan Murano=N700,000.
    Nissan Pathinder=N500,000.
    Nissan Altima=N500,000.
    Nissan Maxima=N450,000.
    Nissan Xterra=N600,000.
    Nissan Quest=450,000.
    Nissan Amanda=N550,000

    Lexus Rx330=N750,000.
    Lexus Gx460=N1m.
    Lesus Rx300= N650,000
    Lexus Rx320=N680,000
    Lexus Lx650=N500,000.
    LexusRx350=N1.2M
    LexusGx470=N850,000.

    Ford Escape=N700,000.
    Ford Explorer=N8500,000.
    Land Rover Discovery=N1.9m.
    Land Rover Freelander=N1.3

    TRUCKS LIKE , VOLVO, MAN AND MERCEDES ARE ALSO AVAILABLE.!!!

    , All
    VEHICLES ARE IN GOOD
    CONDITION, INSTALLMENTAL PAYMENT IS
    ALLOWED

    WE OFFER DELIVERY TO ALL
    36 STATES IN NIGERIA. CONTACT ME ON (07026536478) TO PLACE AN ORDER NOW.

  3. LAVITA RICCA INTERNATIONAL INVESTMENT*
    ♦️♦️♦️♦️♦️♦️♦️
    ♦️♦️♦️♦️♦️♦️♦️
    *NO MORE EXCUSES*

    1. I don’t have money
    2. I can’t talk to people
    3. I don’t do stuff like this
    4. I’m too Busy

    Your excuses may be legit but they won’t improve your Life.

    • *Lavita Ricca Investment is Fully Registered with with FGN. with RC NO 1582489( For those Who Think Lavita Ricca is Not Registered)* *Contact Administrator Management Mrs. ELIZABETH TINA On *(09036369810)

    *Lavita Ricca Investment is a platform network that deal with investing of money just within 45 minutes you will get back your money double*

    ?phone=+2349036369810

    *Lavita Ricca PACKAGE’S*

    *N20,000====N40,000*
    *N40,000====N80,000*
    *N50,000====N100,000*
    *N100,000====N200,000*
    *N200,000 ====N400,000*
    *N400,000====N800,000*
    *======== = = ========*

    *I know you are skeptical about this because of the negative experience a lot of issues as regards scamming in the MMM. I assure you 101% that you won’t lose your money this is because I know the risk of this profit oriented business and I know how to avoid them using my trading skills and signals to make only wins and no losses.*

    *Are u a worker?*

     *Are u a student looking for your school fees? Are u a woman looking for money to pay your children school fees?*

     *Are u jobless and u need where u can make source of income?*

     *Lavita Ricca Investment is here for you! With a little amount u can earn and make more more source of income without any problems*

     *Lavita Ricca Investment is a platform network that deal with investing of money just within 45mins you will get back your money double*
    *Thank you for your time you can click on the link below to get started, please only serious minded people are expected to message the administrator.🙏

  4. GOOD DAY SIR/MA

    HAVE YOU HELD ABOUT RICH CONNECT TRUST INVESTMENT…?

    RICH CONNECT TRUST INVESTMENT is a matrix system which give you DOUBLE of your CAPITAL back in ( 45 Minutes ) after Registrations

    RICH CONNECT PACKAGES
    N20,000——N40,000
    N40,000——N80,000
    N50,000——N100,000
    N100,000—–N200,000
    N150,000—–N350,000
    N300,000—–N600,000
    N200,000—–N400,000
    N400,000—–N800,000
    N500,000—–N1,000,000

    NOTE: we credit your account after 45mins of Your Registeration
    INTRODUCTION
    RICH CONNECT TRUST Investment is a company duely registered under the Coporate Affairs Commission of Nigeria and certified fraud free to do business in Nigeria by the Economic Financial Crimes Commission (EFCC). This is a Nigerian network marketing company founded by Okafor Alex Monye with it’s Head Quarter’s. The company takes pride in the fact that it stands out amongst other network marketing companies. It has the best compensation plan, affordable and effective services, systems that keeps her customers coming back for more. When you join this company, you get more than their outstanding services.

    07046246360

    ITS SIMPLE HERE!!!!!!!
    We trade with hard currency here like bit coin we make 3tripple of your donation and send you you two part and we benefit one part Example if you invest with 100k within 25mins we make profit of 300k then send 200k to you then profit 100k This is not mmm where they merge people to donate for each other
    You pay directly to us and we credit you directly

    Contact Mrs. GOODLUCK TIMOTHY
    07046246360

    NOTE:- YOU GET CREDITED BACK IN LESS THAN 45 MINUTES.

    CHAT US-UP IF INTEREST FILL YOUR FORM AND START EARNING

    NOTE: You can finish reading this and decide not to take the necessary actions, but the next time you want to complain about not having money, just know that you are on your own problem.

Leave a Reply

Your email address will not be published.


*