The Central Bank of Nigeria has disbursed N152.9bn for 61 manufacturing projects under parts of its intervention funds.
The Central Bank Governor, Godwin Emefiele, disclosed this in a report on his communique at the last Monetary Policy meeting, which was obtained on Friday.
He said the committee recognised the supportive developmental roles of the CBN towards addressing some of the structural issues. Emefiele mentioned the N100bn healthcare and N1.0tn manufacturing and agricultural interventions to support the rebound in growth from the impacts of the COVID-19 pandemic on the economy.
“The Manufacturing PMI declined to 41.1 index points in June 2020 from 42.4 index points in May 2020.
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