Friday 10 November 2017

WE HAVE CREATED OVER 7 MILLION JOBS – CBN.

The Central Bank of Nigeria (CBN) has stated that its intervention programmes have created over seven million jobs across the country.

The acting Director of Corporate Communications Department, Mr Isaac Okorafor, disclosed the CBN’s achievement on Thursday during the CBN Special Day, at the ongoing Lagos International Trade Fair.

CBN’s spokesperson said the theme of the occasion: Promoting Industrialisation for Economic Recovery and Sustainable Growth, is in line with the apex bank’s development financing agenda, through the interventions in critical sectors of the economy.

Okorafor added that on the intervention scheme, its areas of concentration comprises agriculture, manufacturing, MSMEs and infrastructure.

He stated: “It is pertinent to note that the following CBN interventions have impacted the Nigerian economy through direct creation of millions of jobs as at August 2017: Agricultural Credit Guarantee Scheme Fund (ACGSF), 3,045,900 jobs; N200billion Commercial Agricultural Credit Scheme (CACS), 1,134,772 jobs; N200billion SME restructuring & Restructuring &Refinancing Facility (SMERRF), 89,860 jobs; N300billion Power and Airline Intervention Fund(PAIF),7899 direct jobs and 14,304 indirect jobs; the N220billion Micro, Small and Medium Enterprises Development Fund (MSMEDF),139,156 jobs;Textile Sector Intervention Facility (TSIF),1,668 jobs”.


By BT Editor.

Full story at The Breaking Times.

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