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Emefiele: CBN Has Disbursed 92.4% Of ₦400 Billion Targeted Credit Facility - Politics - Nairaland

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Emefiele: CBN Has Disbursed 92.4% Of ₦400 Billion Targeted Credit Facility by BrandSpurNG: 5:58am On Dec 20, 2021
Godwin Emefiele, Governor of the Central Bank of Nigeria, has stated that the bank has disbursed N370 billion out of the N400 billion provided under its Targeted Credit Facility.
Emefiele made the remarks on Tuesday at the 2021 annual Bankers’ Committee retreat in Lagos, which had the theme ‘Building resilience for economic growth.’

He stated that in order to contain the downturn and drive the recovery of Nigeria’s economy, the monetary and fiscal authorities implemented a series of policy measures that have aided the rebound in Nigeria’s growth, which will begin in the fourth quarter of 2020.

“Other CBN policy measures that we implemented to assist the economy’s recovery include the establishment of an N400 billion Targeted Credit Facility for households and small and medium-sized businesses.” “Nearly N370 billion has been distributed to over 800,000 beneficiaries,” he said.

According to him, the N1tn facility established for local manufacturing and production in critical sectors is funding 53 manufacturing, 21 agriculture-related, and 13 service projects.

Emefiele stated that a N200 billion healthcare intervention fund was established for pharmaceutical companies and healthcare practitioners to expand and strengthen the country’s healthcare institutions.

He stated that, in accordance with its mandate to promote a sound monetary and financial system and in collaboration with the fiscal authorities, the CBN took unprecedented measures to contain the effects of the pandemic on the economy and stimulated increased productivity in key sectors.

He stated that the CBN worked with fiscal authorities to develop strong policy support measures as part of the Economic Sustainability Plan to restore stability and catalyze growth.
According to the CBN governor, the CBN’s initiatives helped to spur and support the economy’s recovery and realign general macroeconomic conditions.

He stated that as a result of policy actions, the country will exit recession in the fourth quarter of 2020 with a 0.11 percent growth rate, which will improve to 0.51 percent in Q1 2021.

“On the back of this recovery, the CBN remains focused on strengthening the fundamentals of the Nigerian economy through the use of monetary policy,” he said.
https://brandspurng.com/2021/12/18/cbn-has-disbursed-92-4-percent-of-the-n400-billion-targeted-credit-facility/

Re: Emefiele: CBN Has Disbursed 92.4% Of ₦400 Billion Targeted Credit Facility by Gentle034(m): 6:01am On Dec 20, 2021
So where all the he pipo wey dey collect come dey

15 Likes

Re: Emefiele: CBN Has Disbursed 92.4% Of ₦400 Billion Targeted Credit Facility by 3gpvids: 6:06am On Dec 20, 2021
I laugh in 800,000
comic governor of CHIBN

9 Likes 1 Share

Re: Emefiele: CBN Has Disbursed 92.4% Of ₦400 Billion Targeted Credit Facility by godofuck231: 6:14am On Dec 20, 2021
This guy will die in jail

16 Likes

Re: Emefiele: CBN Has Disbursed 92.4% Of ₦400 Billion Targeted Credit Facility by obami007(m): 6:37am On Dec 20, 2021
Okay
Re: Emefiele: CBN Has Disbursed 92.4% Of ₦400 Billion Targeted Credit Facility by alizma: 6:40am On Dec 20, 2021
godofuck231:
This guy will die in jail
Why?
Re: Emefiele: CBN Has Disbursed 92.4% Of ₦400 Billion Targeted Credit Facility by alizma: 6:46am On Dec 20, 2021
Gentle034:
So where all the he pipo wey dey collect come dey
Like say you no dey naija when Jonathan wife take househelp names open different accounts.
Na the same thing them dey do with all this loans. Big men go create different business names in line with approved guidelines for the loans, sit in their rooms and forward the names to different bank managers of banks in charge of the disbursement. Na them go even take their hand fill some part of the forms then send the forms for signature and the next thing, alert go dey enter Oga phone from different banks. Later Oga go settle the Managers.

7 Likes

Re: Emefiele: CBN Has Disbursed 92.4% Of ₦400 Billion Targeted Credit Facility by Maxymilliano(m): 6:54am On Dec 20, 2021
Disbursed to who if I may ask, who are the beneficiaries ?

3 Likes 1 Share

Re: Emefiele: CBN Has Disbursed 92.4% Of ₦400 Billion Targeted Credit Facility by inoki247: 7:15am On Dec 20, 2021
This people and invisible loan...

The only loan wey dey visible den na Trader moni nd I'm still waiting for Trader moni Millionaire....

3 Likes

Re: Emefiele: CBN Has Disbursed 92.4% Of ₦400 Billion Targeted Credit Facility by JavaScript9091: 8:02am On Dec 20, 2021
Abeg who don see this money?

7 Likes

Re: Emefiele: CBN Has Disbursed 92.4% Of ₦400 Billion Targeted Credit Facility by dmbb: 8:18am On Dec 20, 2021
May God continue to bless our truly respected president
Re: Emefiele: CBN Has Disbursed 92.4% Of ₦400 Billion Targeted Credit Facility by Nobody: 8:18am On Dec 20, 2021
Oh lord cry
Re: Emefiele: CBN Has Disbursed 92.4% Of ₦400 Billion Targeted Credit Facility by oluwaseunamos33(m): 8:18am On Dec 20, 2021
Story for the gods
Re: Emefiele: CBN Has Disbursed 92.4% Of ₦400 Billion Targeted Credit Facility by Cti28(m): 8:19am On Dec 20, 2021
Still looking I'm for a better adjective to describe Nigeria . Ain't this men tired of looting and embezzlement?
Re: Emefiele: CBN Has Disbursed 92.4% Of ₦400 Billion Targeted Credit Facility by evansjeff(m): 8:19am On Dec 20, 2021
Clueless and uninformed youths will keep saying to who, stay there and think life is all about ranting on social media from morning to night while people are taking advantage of various opportunities. I may not have gotten it but I know many who got it because I did the applications for them and that includes my current girlfriend who got almost 300k. Stay there and be thinking life starts and end with ranting on Nairaland day in day out. Get informed

3 Likes

Re: Emefiele: CBN Has Disbursed 92.4% Of ₦400 Billion Targeted Credit Facility by DoyidooB: 8:19am On Dec 20, 2021
Audio disbursement

5 Likes

Re: Emefiele: CBN Has Disbursed 92.4% Of ₦400 Billion Targeted Credit Facility by Akabuking: 8:19am On Dec 20, 2021

5 Likes

Re: Emefiele: CBN Has Disbursed 92.4% Of ₦400 Billion Targeted Credit Facility by Bizibi(m): 8:19am On Dec 20, 2021
Jesus!!!! Next administration must investigate these thieves....

5 Likes

Re: Emefiele: CBN Has Disbursed 92.4% Of ₦400 Billion Targeted Credit Facility by opalu: 8:20am On Dec 20, 2021
Ok
Re: Emefiele: CBN Has Disbursed 92.4% Of ₦400 Billion Targeted Credit Facility by ojun50(m): 8:20am On Dec 20, 2021
Another cash app

4 Likes

Re: Emefiele: CBN Has Disbursed 92.4% Of ₦400 Billion Targeted Credit Facility by emmalexdboy(m): 8:20am On Dec 20, 2021
Shit up, you dumb he goat that need to be shot to death for drenching the economy of this country.

Disbursement that no one sees, nonsense! You'll definitely not die a good death because na trailer go crush you to pieces.

4 Likes

Re: Emefiele: CBN Has Disbursed 92.4% Of ₦400 Billion Targeted Credit Facility by Wayne4uall(m): 8:20am On Dec 20, 2021
Na ogun go kill this ppl...lots of poor people out dere dat can't even provide 1k 4 their family.... Npower dey dere they are owning them almost 3 months now...how do we get here

7 Likes

Re: Emefiele: CBN Has Disbursed 92.4% Of ₦400 Billion Targeted Credit Facility by omonla10(m): 8:20am On Dec 20, 2021
Carry ur yeye money go.. I don't know anyone that benefitted..

3 Likes

Re: Emefiele: CBN Has Disbursed 92.4% Of ₦400 Billion Targeted Credit Facility by phemmie06(m): 8:20am On Dec 20, 2021
May God polish you all with afflictions.

2 Likes

Re: Emefiele: CBN Has Disbursed 92.4% Of ₦400 Billion Targeted Credit Facility by younglleo: 8:20am On Dec 20, 2021
grin
Re: Emefiele: CBN Has Disbursed 92.4% Of ₦400 Billion Targeted Credit Facility by Franking: 8:21am On Dec 20, 2021
To who?
Re: Emefiele: CBN Has Disbursed 92.4% Of ₦400 Billion Targeted Credit Facility by Rollsnjaguar(m): 8:21am On Dec 20, 2021
Hmm
Re: Emefiele: CBN Has Disbursed 92.4% Of ₦400 Billion Targeted Credit Facility by damosade(m): 8:21am On Dec 20, 2021
Awon were jatijati.. Dem Don come again.
You better leave us make we carry out cross Jeje.

1 Like 1 Share

Re: Emefiele: CBN Has Disbursed 92.4% Of ₦400 Billion Targeted Credit Facility by Xzellentgraphic: 8:22am On Dec 20, 2021
Hmm
Re: Emefiele: CBN Has Disbursed 92.4% Of ₦400 Billion Targeted Credit Facility by Brushstrokes20: 8:23am On Dec 20, 2021
Bullocks for Brainless buffoons and doomed zombies! undecided

Satanic govt of self serving THIEVES AND BLOODTHIRSTY TERRORISTS!

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