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CBN spends N9trn on intervention programmes in 3 years

The Central Bank of Nigeria (CBN) has disclosed that it injected over N9 trillion into the economy in the last three years, IgbereTV reports

Godwin Emefiele disclosed this while speaking to Journalists at the end of Tuesday’s Monetary Policy Committee(MPC) Meeting.

Emefiele, echoing the committee, believes that the interventions have significantly contributed to growth.

On the recent intervention, Emefiele detailed that Under the Real Sector Facility, the Bank released the sum of N66.99 billion to 12 additional projects in manufacturing and agriculture.

Cumulative disbursements under the Real Sector Support Facility (RSSF) CBN said is currently stood at N2.10 trillion disbursed to 426 projects across the country.

Furthermore, under the 100 for 100 Policy on Production and Productivity (PPP), the Bank disbursed the sum of N20.17 billion to 14 projects in healthcare, manufacturing, and services, bringing the cumulative disbursement under the facility to N93.39 billion to 62 projects

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