Central Bank of Nigeria (CBN) Governor, Godwin Emefiele says about $3trillion has been distributed to families, farmers and companies to cushion the COVID-19 impact

Emefiele made the revelation in an interview with Arise TV at the the 2021 Intra-African Trade Fair in Durban, South Africa.

On complaints that the bank was overreaching its statutory bounds, he said the CBN had been playing complementary roles for the benefits of Nigerians and businesses.

“Between 2020 and now, our data shows that we have disbursed at least N2trillion, almost N3trillion in loans to households, Micro, Small and Medium Enterprises, smallholder farmers, pharmaceuticals and health institutions”, Emefiele disclosed.

The CBN chief added that large agricultural companies and manufacturing companies are also accessing 10 years loan with two-year moratorium and single digit rate.

He recalled that when coronavirus struck, President Muhammadu Buhari tasked him and Finance Minister Zainab Ahmed to work together and suggest an immediate response.

Emefiele said Buhari subsequently approved the establishment of the Economic Sustainability Programme (ESP) chaired by Vice President Yemi Osinbajo.

“The central bank played an active part to the extent that the fiscal authorities meant to contribute N500billion and monetary authorities provided almost about N1.5trillion.

“This is not as grant but as loans to support people who were impacted by COVID-19 so they can get their businesses back”, he clarified


Source: https://m.facebook.com/story.php?story_fbid=276165517856718&id=100063898161227

This one is trying to overtake Lai Muhammed. After sharing it amongst the Fulanis and keeping the rest for himself he is here deceiving himself

This is clearly a lie ..If 3 trillion had entered into the SME sector we would have known ..

This is a HUGE affront on the sensibilities of Nigerians.

This is the trademark of the Buhari government.

Malory:
This one is trying to overtake Lai Muhammed. After sharing it amongst the Fulanis and keeping the rest for himself he is here deceiving himself

Pls stop basking in your ignorance to spew trash. If u don’t know,ur Biafran bros and sis are the largest beneficiaries of this loan programme. At the end of the exercise u will see the available statistics of beneficiaries from each region

FarahAideed:
[s]This is clearly a lie ..If 3 trillion had entered into the SME sector we would have known ..[/s]

Your hate for Buhari will not allow u use ur brain.

KanoFirstSon:


Pls stop basking in your ignorance to spew trash. If u don’t know,ur Biafran bros and sis are the largest beneficiaries of this loan programme. At the end of the exercise u will see the available statistics of beneficiaries from each region

Mind you I'm a Yoruba man from Ilesha

KanoFirstSon:


Your hate for Buhari will not allow u use ur brain.

You use your brain na ? Buharis national budget is 15 trillion naira with a deficit of almost 5 trillion which we have to borrow to augment yet CBN said it gave 3 trillion to imaginary SMEs

THIS ANTI-CURRUPTION GOVERNMENT OF BUHARI IS HYPER-DEMONIC!
GOD WILL JUDGE THIS GOVERNMENT BEGINNING FROM BUHARI TO THE LEAST WICKED MEDIA MOUTHPIECES OF THIS ACCURSED DARKNESS!
3 TRILLION NAIRA & YOU THINK HE IS LYING?
THE MONEY HAS BEEN TAKEN UP NORTH & BANKED FOR COMMON USE AGAINST TOMORROW'S BREAKUP!
ALL NORTHERN LEADERS KNOW THE GENERAL PLAN!

Disbursed to ghost Nigerian business owners

They should list the companies name

I don't care about the lies

It's in their blood

But please, remove that Dollar $ sign from that money

How much is your country worth?

When the people you are leading does not believe in you, you have FAILED as a leader(s)