6 December 2017

Nigeria: Take Advantage of Agric, SME Initiatives, CBN Tells Youths

Nigerians have been urged to take advantage of the various initiatives of the Central Bank of Nigeria (CBN) in agriculture and small and medium enterprises to curb youth restiveness.

The Head of the CBN Fair and acting Director, Corporate Communications Department of the Bank, Mr. Isaac Okorafor stated this yesterday, at the CBN sensitisation programme in Port-Harcourt, Rivers State.

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).

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