CBN disburses N1.8trn for developmentt financing

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CBN disburses N1.8trn for developmentt financing
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By Elizabeth Adegbesan
The Central Bank of Nigeria, CBN, said it disbursed N1.79 trillion for financing development in nine schemes from January to September 2020.
This is contained in the apex bank’s October 2020 Economic Report released last weekend.
Analysis of the report shows that out of the amount disbursed, N1.19 billion was deployed to 767 projects, N491.2 billion was guaranteed to 2.6 million farmers and N113.3 billion were disbursed to 17,587 beneficiaries during the period.
The nine schemes were Commercial Agriculture Credit Scheme (CACS); Anchor Borrowers’ Programme (ABP), Agricultural Credit Guarantee Scheme Fund (ACGSF), Agri-Business/Small and Medium Enterprise Investment Scheme (AGSMEIS), Real Sector Support Facility (RSSF), Power and Airline Intervention Fund (PAIF), Textile Sector Intervention Fund (TSIF), Non-oil Export Stimulation Facility (NESF) and the Health Sector Intervention Facility (HSIF).

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