CBN Decries Low Participation Of South-East In Intervention Programmes

The Central Bank of Nigeria, CBN, has decried the low
participation of the South-East in its economic intervention
policies and programmes.

The acting director, Corporate Communications Department of the
bank, Osita Nwanisobi, disclosed this on Tuesday during the CBN
Fair in Enugu.

Mr Nwanisobi said that the CBN intervention programmes were
meant to create jobs, engender financial inclusion and make the
people have access to finance.

He said Nigerians needed to leverage the intervention programmes
of the apex bank for a better living at a time when inflation was
spiking and prices of food items souring.

Mr Nwanisobi said the aims of the CBN intervention in the real
economy were to create jobs, bring down food prices, financially
include the excluded and engender inclusive growth.

“This CBN Fair enables us to create awareness of all the
policies and interventions of the bank and to talk to our people on
how they can leverage the programmes.

“We noticed that there seems to be a lethargy in terms of people
from the zone embracing the CBN interventions.

“There is also the need for the state governments to leverage
the Anchor Borrowers Programme to improve the lives of the people,”
he said.

Mr Nwanisobi said that the apex bank in its bid to engender
inclusiveness started its Commodity Development Initiative with 10
commodities “but now, we are at about 22 commodities.”

“In choosing the commodities we intervene in, we look at the
possible impacts and those that will help us to create quick
wins.

“We also intervene in areas where we have comparative advantage
and not just for local production but for export also,” he
said.

Mr Nwanisobi said the CBN governor, Godwin Emefiele, was very
passionate about the 37 interventions of the apex bank, adding that
the South-East could do much better in accessing them.

In a goodwill message, the Enugu State Commissioner for
Agriculture, Martins Idu, appealed to the CBN to domesticate some
of its intervention programmes to enable more people to
participate.

Mr Idu said that most of the programmes did not have the value
chains needed in the state.

The commissioner appealed to the apex bank to include honey
production and piggery as some of the items under its Commodity
Development Initiative.

He said that the state had no fewer than 2,000 farmers that were
into piggery, adding that such people needed to be supported.

The News Agency of Nigeria reports that the event which will
feature lectures on the programmes and policies of the apex bank
would end on Wednesday. NAN

The Central Bank of Nigeria, CBN, has decried the low
participation of the South-East in its economic intervention
policies and programmes.

The acting director, Corporate Communications Department of the
bank, Osita Nwanisobi, disclosed this on Tuesday during the CBN
Fair in Enugu.

Mr Nwanisobi said that the CBN intervention programmes were
meant to create jobs, engender financial inclusion and make the
people have access to finance.

He said Nigerians needed to leverage the intervention programmes
of the apex bank for a better living at a time when inflation was
spiking and prices of food items souring.

Mr Nwanisobi said the aims of the CBN intervention in the real
economy were to create jobs, bring down food prices, financially
include the excluded and engender inclusive growth.

“This CBN Fair enables us to create awareness of all the
policies and interventions of the bank and to talk to our people on
how they can leverage the programmes.

“We noticed that there seems to be a lethargy in terms of people
from the zone embracing the CBN interventions.

“There is also the need for the state governments to leverage
the Anchor Borrowers Programme to improve the lives of the people,”
he said.

Mr Nwanisobi said that the apex bank in its bid to engender
inclusiveness started its Commodity Development Initiative with 10
commodities “but now, we are at about 22 commodities.”

“In choosing the commodities we intervene in, we look at the
possible impacts and those that will help us to create quick
wins.

“We also intervene in areas where we have comparative advantage
and not just for local production but for export also,” he
said.

Mr Nwanisobi said the CBN governor, Godwin Emefiele, was very
passionate about the 37 interventions of the apex bank, adding that
the South-East could do much better in accessing them.

In a goodwill message, the Enugu State Commissioner for
Agriculture, Martins Idu, appealed to the CBN to domesticate some
of its intervention programmes to enable more people to
participate.

Mr Idu said that most of the programmes did not have the value
chains needed in the state.

The commissioner appealed to the apex bank to include honey
production and piggery as some of the items under its Commodity
Development Initiative.

He said that the state had no fewer than 2,000 farmers that were
into piggery, adding that such people needed to be supported.

The News Agency of Nigeria reports that the event which will
feature lectures on the programmes and policies of the apex bank
would end on Wednesday. NAN