The Central Bank of Nigeria (CBN) has decried the low participation of the South-East in its economic intervention policies and programmes.

The acting director, Corporate Communications Department of the bank, Mr Osita Nwanisobi, disclosed this yesterday during the CBN Fair in Enugu.

Nwanisobi said that the CBN intervention programmes were meant to create jobs, engender financial inclusion and make the people have access to finance.

He said Nigerians need to leverage the intervention programmes of the apex bank for a better living at a time when inflation was spiking and prices of food items souring.

Nwanisobi said the aims of the CBN intervention in the real economy were to create jobs, bring down food prices, financially include the excluded and engender inclusive growth.

“This CBN Fair enables us to create awareness of all the policies and interventions of the bank and to talk to our people on how they can leverage the programmes.

“We noticed that there seems to be lethargy in terms of people from the zone embracing the CBN interventions.

“There is also the need for the state governments to leverage the Anchor Borrowers Programme to improve the lives of the people,” he said.

Nwanisobi said that the apex bank in its bid to engender inclusiveness started its Commodity Development Initiative with 10 commodities “but now, we are at about 22 commodities.”

“In choosing the commodities we intervene in, we look at the possible impacts and those that will help us to create quick wins. We also intervene in areas where we have comparative advantage and not just for local production but for export also,” he noted.

He said that the CBN governor, Godwin Emefiele, was very passionate about the 37 interventions of the apex bank, adding that the South-East could do much better in accessing them.

In a goodwill message, the Enugu State commissioner for Agriculture, Mr Martins Idu, appealed to the CBN to domesticate some of its intervention programmes to enable more people to participate.

Kaduna1stson:
They might be interested in CBB

Central bank of Biafra

jmoore:
I applied for covid-19 loan last year and this year, same with my mom. Yet no approval.

I have been interviewed last year for agsmeis loan, no approval.

I applied for two of brothers, 1 sister in law for covid-19 loan this year, none have been approved.



If there is low participation, then it should translate to high approval for those that applied. But that's not the case.

helinues:
They always thought it's no real and even if it's real, they would be marginalized

Igbochief001:

We have learnt to be independent of Nigeria ...let it be know we get almost nothing from Nigeria before them go use us complete numbers

kayuseful:
Maybe you cbn need to work on regaining their confidence. Because I don't think any normal person will reject a gesture that will favour him

helinues:


Oga face front..

You don't have to be doing George Finidi all the time

ProWalker:


The accounting rigors and other financials requirements by CBN before release of funds is a discouragement for many Igbos that are mostly illiterate traders

How many of those illiterate traders that dots the landscape of South East can provide 5 years financial statements and 5 years bankable feasibly study?

WhatCanIsay:


Funny enough those illiterates that are littered in the landscape of the Igbo land are more lettered and intelligent than you. Most have accumulated more degrees than you, but choose to face their business. Let me not generalise about your tribe, that will demote me to your level.

OnyeOlokoro:
We can survive on our own

ProWalker:



Your opinion, but doesn’t negate what I wrote.

You think getting CBN funding is like walking into your local money lender shop?

When you have nothing intelligent to counter with, you resort to the usual escape route, tribalism

ProWalker:


The accounting rigors and other financial requirements by CBN before release of funds is a discouragement for many Igbos that are mostly illiterate traders

How many of those illiterate traders that dots the landscape of South East can provide 5 years financial statements and 5 years bankable feasibly study?

nedu666:



Dude if u don't know how cbn intervention fund is obtained, why don't you stfu instead of making an absolute fool of urself by trying to sound intelligent..

WhatCanIsay:


And funny enough, you are the only literate person to have that information.