GTB 737 banner Yudala banner

CBN to ease access to funds for SMEs

By Newsexpress on 07/12/2016

Share on facebook Yahoo mail icon Gmail icon

Views: 598

Godwin Emefiele
Godwin Emefiele

The Central Bank of Nigeria (CBN) has promised to streamline logistics and mechanisms to ease access to funds for the development of the Small and Medium Scale Enterprise (SMEs).

The Governor of the apex bank, Mr Godwin Emefiele, who announced the plan on Tuesday, said that of the 220 billion Naira earmarked for the sector in 2014 only about 80 billion Naira had been accessed so far.

He gave the update during the fact finding mission of the Presidential Task Force on Agricultural Commodity and Production led by the Governor of Kebbi State, Abubakar Bagudu.

Also at the meeting was the Governor of Ogun State, Mr Ibikunle Amosun, who asked for more funds for cooperative societies in the agricultural sector to grow the state’s economy.

Earlier, the task force was taken round some of the farms in the state, where the farmers laid bare their demands, with access to financing topping their list.

The coordinator of Eriwe Fish Farm Village, Professor Olanipekun Alausa, spoke on behalf of some fish farmers in the state before they moved from farm to farm in Ijebu Ode, Kotopo Greenhouse Farm in Abeokuta and Eweje Farm Settlement.

The task force members were conducted round the farms where the CBN governor assured the farmers of easy access to SMEs funds.

The Minister of Agriculture, Audu Ogbeh, also reeled out some of the plans of the Federal Government for the sector for cooperative societies in the state.

Findings by this task force is expected to form the fulcrum for the extended Anchor Borrowers Programme of the Federal Government for the state. (Channels TV)

•Photo shows CBN Governor Emefiele.

 

Source Newsexpress

Posted 07/12/2016 12:45:56 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

 

You may also like...
Kebbi NDLEA commander decries poor condition of Zuru...

Smoking costs $1 trillion, soon to kill 8...

Investigate Kaduna, Plateau and Yobe attacks, punish perpetrators,...

RIGHTSView: Clara Chime’s Detention and the National Human...

2015: Jonathan’s opposers shall perish —Arthur Eze

Millions discovered in Ikoyi Lagos flat by EFCC...

Dickson bags Good Governance Award in Ethiopia

Princewill endorses APC, floats 10-man transition committee

Ijaw youths endorse restructuring of NDDC

Nigerian charged with double murder in London

Tony Elumelu Foundation’s Advisory Board meets in Lagos...

BREAKING NEWS: Adeleke’s brother disgraces APC candidate to...

 

Latest News South-East Governors behaving like slaves — South-East CLO •Also slams FG, Army 13 political parties plan merger Ohanaeze warns against frivolous court order on IPOB •Indicts AGF Our faith in democracy remains unshaken, Buhari tells the world Angry Trump threatens total destruction of North Korea Delta gets new Electoral Act Workers protest concession of airports Enugu LG Election: Groups reject PDP candidate for Nsukka, urge opposition to produce credible alternative Dangote begs public to help monitor truck drivers •Sets up hotline for reports NYSC mourns as former DG dies African Union member states endorse the draft statute to boost African cinema industry Militants break silence on Army, IPOB clash; tell South East governors, Senators, Reps, Ministers, Ambassadors to resign immediately

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (278,183 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (260,134 views) Shameless Genevieve Nnaji exposes breasts in public (211,265 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (177,360 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (176,581 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (158,053 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (136,506 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (126,691 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (120,187 views) Lagos plane crash: Journalist releases victims’ names (111,108 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (110,255 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (102,662 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (28) Business (2,691) Business Verdict (22) Columnists (740) Complaints & Requests (93) Enterprise & Opportunities (178) Entertainment (377) Features (487) Global Business Monitor (178) International (1,540) Interviews (129) Live Commentary (28) Love Matters (73) News (28,514) Opinion (808) Pidgin (8) Politics (3,934) Religion (625) Sports (1,322) Stock Watch (23) AMA & Al Jazeera Global Update

 

UBA mobile app

CBN words on marble advert

 

 

Manchester United vs Everton 4-0 All Goals & Extended Highlights

 

APO Newsbreak logo

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!