CBN earmarks over N1 trn to fund real sector

CBN earmarks over N1 trn to fund real sector

The Central Bank of Nigeria, CBN, has set aside over N1 trillion to promote lending to the  real sector of the economy with a view to stimulating economic activities in the country. The Governor of the CBN, Mr. Godwin Emefiele, disclosed this at the 21st Seminar for Finance Correspondents and Business Editors in Ibadan, Oyo State capital, yesterday. Mr. Emefiele who spoke through the Deputy Governor, Corporate Services, Mr. Adebayo Adelabu, justified the massive interventions of the apex bank in financing the real sector of the economy, saying  that the current trend in global central banking has gone beyond the core functions of monetary policy management.

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