Connect with us


We Spent Almost N4 Trillion On COVID-19 Palliatives – Emefiele



We Spent Almost N4 Trillion On COVID-19 Palliatives – CBN

The Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele disclosed on Friday N3.5 trillion has been spent to cushion the effect of COVID-19 pandemic on the country’s economy.

According to Mr Emefiele, the said amount was largely spent in the areas of manufacturing, agriculture, electricity and gas, solar power and housing constructions.

“Real sector funds, (N216.87 billion); COVID-19 Targeted Credit Facility (TCF), (N73.69 billion); AGSMEIS, (N54.66 billion); Pharmaceutical and Health Care Support Fund, (N44.47 billion); and Creative Industry Financing Initiative (N2.93 billion).

The governor said that the CBN also set to contribute over N1.8 trillion of the total sum of N2.30 trillion needed for the federal government’s one-year economic sustainability plan (ESP).

Source: NAN

READ ALSO:  Money Moves To Make For 2019

I have a passion for blogging about what's trending in Hip-Hop, politics and entertainment. I'm a huge Hip-hop fan; my favorite artiste are Chris Brown, Jay'z & Beyonce. I also enjoy spending time with my team (#TeamWE), and working hard as hard work pays off.

Click to comment

Leave a Reply

Your email address will not be published.



WP2Social Auto Publish Powered By :