Take Advantage of Agric, SME Initiatives- CBN

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Central Bank of Nigeria, Abuja

Enterprise Television – To curb youth restiveness, the Head of the Central Bank of Nigeria Fair and acting Director, Corporate Communications Department, Mr. Isaac Okorafor, yesterday at the CBN sensitisation programme in Port-Harcourt, Rivers State urged Nigerians to take advantage of the various initiatives of the CBN in agriculture and Small and Medium Enterprises (SMEs).

A statement from the CBN quoted Okorafor to have said the CBN fair was an interactive forum aimed at explaining policies, programmes and initiatives of the Bank as well as providing means of getting redress on issues in which the public felt short-changed in dealing with deposit money banks and the activities of the CBN.

Okorafor, who was represented by Mr. Chukwudum Nzelu of the Development Finance Department, CBN, said Rivers State would be the 34th state the CBN Fair would be taking place. The acting Director reaffirmed the CBN’s commitment to working assiduously to ensure economic stability and prosperity for Nigerians.

He noted efforts of the Bank through its monetary policy initiatives and various ingenious development finance programmes which played significant role in lifting the economy out of recession the country encountered recently, in collaboration with the fiscal policy authorities.

The CBN spokesman highlighted some of the development initiatives of the Bank such as the Anchor Borrowers’ Programme (ABP), Accelerated Agriculture Development Scheme (AADS), Micro, Small & Medium Enterprises Development Fund (MSMED), Agricultural Credit Guarantee Scheme Fund (ACGSF), Commercial Agriculture Credit Scheme (CACS) and Nigeria Incentive-Based Risk sharing System for Agricultural Lending (NIRSAL) and Youth Empowerment Development Programme (YEDP).