The Central Bank of Nigeria (CBN) says it has disbursed N2.1 trillion to 426 projects to support the real sector of the economy.
Director, Corporate Communications Department of the CBN, Osita Nwanisobi, made this disclosure in Abuja yesterday during ‘CBN special day’ at the ongoing 17th Abuja International Trade Fair.
“In the Micro, Small and Medium Enterprises Sector, the CBN supported entrepreneurship development with the sum of N39.26 million under the Tertiary Institutions Entrepreneurship Scheme , bringing the total disbursement under the intervention to N332.43 million”. “The PAVE concept he said “aims to make Nigerians consume what they produce, add value to such products and export the surpluses”.
The CBN director then urged SMEs to ensure that their products and services are export-ready and can compete globally. Earlier in his address, the President of the Abuja Chamber of Commerce and Industry, Dr. Al-Mujtaba Abubakar, praised the CBN for coming to the rescue of MSMEs.
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