TheCable

The Central Bank of Nigeria (CBN) says it released the sum of ₦66.99 billion for 12 projects in the manufacturing and agricultural sectors.

Godwin Emefiele, the bank’s governor, said this in a communique released after meeting with the monetary policy committee (MPC) on Tuesday.

Emefiele said under the bank’s real sector support facility (RSSF), a total of 426 projects across the country have received funding to the tune of ₦2.10 trillion.

“Under the real sector facility, the bank released the sum of ₦66.99 billion to 12 additional projects in manufacturing and agriculture. Cumulative disbursements under the real sector support facility (RSSF) currently stood at ₦2.10 trillion disbursed to 426 projects across the country,” he said.

“Furthermore, under the 100 for 100 policy on production and productivity (PPP), the bank disbursed the sum of ₦20.17 billion to 14 projects in healthcare, manufacturing, and services, bringing the cumulative disbursement under the facility to ₦93.39 billion to 62 projects.

”In the healthcare sector, ₦4.00 billion was disbursed to two (2) healthcare projects under the healthcare sector intervention facility (HSIF), bringing the cumulative disbursement to ₦130.54 billion for 131 projects, comprising of 32 pharmaceuticals, 60 hospitals and 39 other services.

“Under the export facilitation initiative (EFI), the bank funded several commodity projects in the non-oil export segment for value-addition and production to the tune of ₦3.24 billion, aside the ₦50.00 billion disbursed through the Nigerian Export Import Bank (NEXIM).”

Emefiele further said small-scale businesses also received support through its entrepreneurship development programme — the tertiary institutions entrepreneurship scheme (TIES).

According to him, in the micro, small and medium enterprise (MSME) sector, “the bank supported entrepreneurship development with the sum of ₦39.26 million under the c, bringing the total disbursement under this intervention to ₦332.43 million.”