Godwin Emefiele, CBN Governor
The Central Bank of Nigeria (CBN) has said 12.5m direct and indirect jobs were created under the Anchor Borrowers scheme in the country.
According to the apex bank a total of 4,478,381 smallholders farmers cultivated 5.2 million hectares of farmlands across the country thereby creating 12.5 million direct and indirect jobs.
The Director Corporate Communications Department, Mr Osita Nwanisobi disclosed while observing its Day at the 43rd Kaduna International Trade fair holding in Kaduna.
Nwanisobi also said the bank disbursed N368.79 billion to over 778,000 Nigerians comprising 648,052 households and about 130,000 Small and Medium Enterprises (SMEs).
He also noted that the recently launched Tertiary Institutions Entrepreneurship Scheme (TIES) is expected to unleash the potential of Nigerian graduate entrepreneurs by providing re-orientation, training and innovative financing model that will enhance the entrepreneurial ecosystem with transformational impact on the economy.”
“The broad objective of the 100 for 100 policy in production and productivity (PPP) is to boost production and productivity, necessary to transform and jumpstart the productive base of the Nigerian economy.”
“It is also expected that the initiative will reverse the nation’s over-reliance on imports, by creating an ecosystem that targets and supports the right companies and projects with the potential to immediately transform and Kickstart the productive base of the economy.”
“About N23.20 billion has been disbursed to encourage financial inclusion; reduce the cost of processing cash and enable direct welfare disbursement to citizens.”
“The continued modernization of our payments system and an increasing number of fintech solutions that offer new capabilities to consumers, lend credence to the launch of the Central Bank of Nigeria Digital Currency (CBDC), the eNaira which he said will improve the availability and usability of central bank money.”
“Let me reassure you that the Central Bank of Nigeria under the leadership of Mr. Godwin Emefiele will continue to be a people-focused Central Bank promoting confidence in the economy and enabling an improved standard of living,” he said.
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