Manufacturers say unable to access CBN’s N1trn stimulus facility

CBN's N1trn stimulus facility

Manufacturers say unable to access CBN’s N1trn stimulus facility     The Manufacturers Association of Nigeria (MAN) has lamented the difficulty in accessing the Central Bank’s N1 trillion COVID-19 Stimulus for Manufacturing and Import Substitution, 2020. Its Director-General, Segun Ajayi-Kadir, in a position paper titled, “Comment of MAN on CBN intervention fund for manufacturers and naira 4 dollar scheme,” said members had not been able to access it due to deception of the participating financial institutions and Deposit Money Banks. The paper read, “Generally, MAN observed through feedbacks from members and interaction with…

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