Sectorial Intervention: CBN creates Seven million jobs
By Ngozi Onyeakusi …
The Central Bank of Nigeria (CBN) has disclosed that it’s sectoral interventions had impacted the Nigerian economy and created jobs worth seven million as at August this 2017.
It highlighted its Micro Small and Medium Scale Enterprises (MSMSE) development fund, its credit refinancing scheme, Anchor Borrowers’ Programme, among others as initiatives that had facilitated job creation.
Speaking at the CBN special day at the ongoing Lagos International Trade Fair, Emefiele noted 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.
According Emefiele who was represented by the CBN acting Director, Corporate Communications, Mr. Isaac Okoroafor said the regulator’s intervention initiatives were meant to stabilise the economy and preserve ailing sectors from collapsing.
He equally opined that the interventions funds programmes were also important just as its statutory roles of stabilising the macro-economic environment, protecting the country’s legal tender and achieving price stability.
He highlighted the bank’s focal areas to include agriculture, Micro, Small and Medium Enterprises and infrastructure.