The Central Bank of Nigeria (CBN) has disbursed N343.2 billion to 726,198 beneficiaries, comprising 602,730 households and 123,468 Small and Medium Enterprises (SMEs) under its Targeted Credit Facility (TCF).
This is as the apex bank is set to launch the eNaira digital currency, in a couple of days from now.
Speaking at a 16th International Trade Fair in Abuja at the weekend,
CBN governor, Mr Godwin Emefiele, who disclosed this at 16th International Trade Fair in Abuja ,said that apart from the disbursement of the N343.22 billion credit facility, there is still the disbursement of N134,57 billion to 38,140 beneficiaries under the Agribusiness Small and Medium Enterprises Investment Scheme (AGSMEIS).
He was represented by the director, corporate communication department, Mr Osita Nwanisobi.
He added: “there is the deployment of N756 billion to 3.7 million farmers cultivating over 4.6 million hectares of farmland under the Anchor Borrowers Programme (ABP).The mobilisation of key stakeholders in the Nigeria economy through the CACOVID alliance which led to the provision of over N23billion in relief materials to affected households and the setup of 39 isolation centres.”
Nwanisobi also announced that the CBN will be unveiling the CBN digital currency, the eNaira, which is the digital version of Nigeria legal tender with the same value as fiat naira.
He said the apex bank is the central authority in terms of minting and issuance of the eNaira while banks and other financial service providers will be involved in the distribution of the currency.
800000cookie-checkCBN Disburses N343bn To 726,198 Households, SMEs
