7m jobs created through devt finance interventions – CBN

7m jobs created through devt finance interventions – CBN

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The Central Bank of Nigeria has put the total amount of jobs created through its development finance interventions in critical sectors of the economy, as at August 2017, at seven million.
Specifically, the apex bank revealed that, through its Agriculture Guarantee Credit Scheme, it had created over five million jobs; while the Commercial Agriculture Credit Scheme had created over one million jobs.
In addition, it listed its Micro, Small and Medium Scale Enterprises Development Fund, its credit refinancing scheme, and Anchor Borrowers’ Programme, among others, as initiatives that had led to job creation.
The Acting Director, Corporate Communications, CBN, Mr. Isaac Okoroafor, said this while speaking at the ongoing Lagos International Trade Fair.
He said the central bank had continued to intervene in critical sectors of the economy to support efforts by the Federal Government.
The CBN spokesman argued that there would have been no Nigerian airline if not for the N300 billion Power and Airline Intervention Fund, which according to him, had created 7,899 direct jobs and 14,304 indirect jobs.
Okoroafor noted that the interventions in the agricultural sector had made the country almost self-sufficient in rice production.

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