THE Central Bank of Nigeria (CBN) on Monday said it has facilitated a credit of $8.6 billion (N3.3trillion) to the productive sectors of the economy. It has also given intervention funds to businesses affected by the COVID-19 pandemic and endorsed the restructuring of loans.
CBN Governor Godwin Emefiele said the loans were granted to manufacturing (N815billion), retail and consumer loan (N615billion), agriculture, forestry and fishery (N255bilion), general commerce (N221billion) and information and communications technology (N208billion) through the implementation of the Loan-to-Deposit Ratio (LDR). He spoke at the end of the Monetary Policy Committee (MPC) meeting in Abuja…
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