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.
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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.