₦airaland Forum

BlackTechnology:
The 13% should be for only importers but interest rate for key productive sectors should be reduced to 6%.


So CBN is partially correct but will be completely correct if it reduces interest rate for key productive sectors.

How will they ensure that importers wont pretend to be manufacturers?
Let them just bring the damn thing down and allow custom duties and other incentives encourage production.

Obiagelli:
How will they ensure that importers wont pretend to be manufacturers?
Let them just bring the damn thing down and allow custom duties and other incentives encourage production.

There is a list of every manufacturing firm at corporate and business registration head office


So instruct banks to give those manufacturing businesses that meets the requirements interest rate at 6% and also allow banks to control 10% of our foreign reserve to help banks finance more of these businesses.

BlackTechnology:
There is a list of every manufacturing firm at corporate and business registration head office


So instruct banks to give those manufacturing businesses that meets the requirements interest rate at 6% and also allow banks to control 10% of our foreign reserve to help banks finance more of these businesses.

I don't think you have an idea how twisted and dubious Nigerians (elite) are, 80% of agric loans and BOI loans ends up in the hands of people that have nothing to do with agriculture or manufacturing.

BlackTechnology:
Descartes phockphockman nigerianvenom biafraqueen egift aresa backdatassup ejine evergreen

This for intellectuals

No insult or politics needed


What will you do if you are CBN

I'll cum back to write on it

The Central Bank of Nigeria was set up by the act of 1958 following a lot of economic reports by commission set up to study the economy prior to independence. The broad objective so to say is to provide Nigeria with a safe and flexible banking and monetary system capable of enabling and encouraging the country and her citizens attain greater economic heights.