YORUBA NEWS
HAUSA NEWS
IGBO NEWS

POPULAR THIS WEEK

FOLLOW US ON GOOGLE NEWS
SEND US NEWS
Sunday, May 18, 2025
  • REPORT A STORY
  • PRIVACY POLICY
  • CONTACT
WITHIN NIGERIA
  • Home
  • Features
  • News Picks
  • Entertainment
  • MORE
    • Gist
    • Articles
    • Videos
No Result
View All Result
WITHIN NIGERIA
  • Home
  • Features
  • News Picks
  • Entertainment
  • MORE
    • Gist
    • Articles
    • Videos
No Result
View All Result
WITHIN NIGERIA
No Result
View All Result
  • Home
  • Features
  • News Picks
  • Entertainment
  • MORE
[adinserter block="17"]

CBN disburses N3.5tr COVID-19 intervention cash

by Sodiq Lawal Chocomilo
September 23, 2020
in National
Reading Time: 1 min read
A A
0
SERAP sues FG, CBN over beneficiaries of COVID-19 palliatives

The Central Bank of Nigeria (CBN) has announced that it had disbursed N3.5 trillion to different sectors of the economy to cushion the effects of the Coronavirus pandemic.

It will also contribute N1.8 trillion into the N2.30 trillion Federal Government’s one-year Economic Sustainability Plan (ESP) through its Participating Financial Institutions (PFIs).

This was disclosed by the CBN Governor Godwin Emefiele on Tuesday after the Monetary Policy Committee (MPC) meeting in Abuja.

Emefiele gave a breakdown of who got what out of the N3.5 trillion COVID-19 intervention as follows: Real Sector (N216.87 billion); COVID-19 Targeted Credit Facility (N73.69 billion); Agri-Business/Small and Medium Enterprise Investment Scheme (N54.66 billion); Pharmaceutical and Health Care Support (N44.47 billion); and Creative Industry Financing (N2.93 billion).

READ ALSO

OSINACHI: Refusal of governors to sign death sentence makes justice blurry in Nigeria

SPECIAL REPORT: Inside Story Of How Banks, ATM Charges Worsen Nigerians’ Economic Woes

TRIBUTE: Doyin Okupe: Son Of Banker Who Laced Medical Profession, Journalism, Politics With Great Efficiency

DSS Lagos Assembly Invasion, Osun State Violence, IBB’s Autobiography: Events That Shaped February

Ganduje’s Controversial Appointment as FAAN Board Chair: What Does the Law Say?

Under the Real Sector Funds, Emefiele said: “a total of 87 projects that include 53 manufacturing, 21 agriculture and 13 service projects were funded.

He added: “In the health care sector, 41 projects which include 16 pharmaceuticals and 25 hospital and health care services were funded.”

The CBN boss also said: “Under the Targeted Credit Facility, 120,074 applicants received financial support for investment capital.

“The AGSMEIS intervention has been extended to a total of 14,638 applicants, while 250 Small and Medium Enterprises (SMEs), predominantly the youth, have benefited from the Creative Industry Financing Initiative.”

Emefiele said in addition to  the  initiatives, the   apex bank “is set to contribute over N1.8 trillion of the total sum of N2.30 trillion needed for the one year  ESP, through its various financing interventions using the PFIs.”

RELATED STORYPosts

Late gospel singer Osinachi and husband Mr Nwachukwu
National

OSINACHI: Refusal of governors to sign death sentence makes justice blurry in Nigeria

by uncledee
April 29, 2025
National

SPECIAL REPORT: Inside Story Of How Banks, ATM Charges Worsen Nigerians’ Economic Woes

by Nnadi Christopher Ikechukwu
March 19, 2025

Discussion about this post

POPULAR THIS WEEK

No Content Available
No Content Available
WITHIN NIGERIA

WITHIN NIGERIA MEDIA LTD.

NEWS, MULTI MEDIA

WITHIN NIGERIA is an online news media that focuses on authoritative reports, investigations and major headlines that springs from National issues, Politics, Metro, Entertainment; and Articles.

Follow us on social media:

CORPORATE LINKS

  • About
  • Contacts
  • Report a story
  • Advertisement
  • Content Policy
  • Privacy Policy
  • Terms
 
  • Fact-Checking Policy
  • Ethics Policy
  • Corrections Policy
  • WHO IS WITHIN NIGERIA?
  • CONTACT US
  • PRIVACY
  • TERMS

© 2022 WITHIN NIGERIA MEDIA LTD. designed by WebAndName

No Result
View All Result
  • Home
  • Features
  • News Picks
  • Entertainment
  • MORE
    • Gist
    • Articles
    • Videos

© 2022 WITHIN NIGERIA MEDIA LTD. designed by WebAndName