Agric, SME Initiatives will Curb Youth Restiveness -CBN

By Etuka Sunday

The Central Bank of Nigeria (CBN) has urged Nigerians to take advantage of various development initiatives of government especially in the areas of agriculture and small and medium enterprises.
This, the apex bank assured would curb the current youth restiveness in the country.
The Head of the CBN Fair and Acting Director, Corporate Communications Department of the Bank, Mr. Isaac Okorafor said this at the CBN sensitization programme in Port-Harcourt, Rivers State.
Mr. Okorafor said, the CBN fair is 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.
Mr. Okorafor, who was represented by Mr. Chukwudum Nzelu of the Development Finance Department, said Rivers State is the 34th State the CBN Fair will be taking place. The acting Director reaffirmed the CBN’s commitment to working assiduously to ensure economic stability and prosperity for Nigerians.
He noted the efforts of the Bank through its monetary policy programmes and various ingenious development finance initiatives, 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).
Presentations were made by Messrs. Samuel Shaibu (Currency Operations Department), Jonathan Yusuf (Development Finance Department), Kenneth Orji (Banking Payments System Deaprtment) and Abubakar Albasu (Consumer Protection Department). The presentations centered on development initiatives, consumer protections and bank charges and ATM related issues.
Questions were asked by participants on various programmes and initiatives of the Bank as presenters took their turn to provide answers on how they can key-in into the schemes.
Earlier, welcoming Participants to the event, the Acting Branch Controller, CBN Port-Harcourt, Mr. Emmanuel Etok asked them to pay attention to the presentations for them to be able to get the best of the event and harness the advantages of the CBN policies, programmes and initiatives.

Leave a comment

Your email address will not be published. Required fields are marked *