• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

CBN Intervention Funds are necessary to support economic growth – Expert

Chidi Emenike by Chidi Emenike
August 9, 2021
in Business News, Financial Services, Spotlight
Nigeria Inflation rate to rise to 22.2% -Coronation Merchant Bank
Share on FacebookShare on TwitterShare on Linkedin

The Chief Economist of Coronation Merchant Bank, Chinwe Egwim, has commended the CBN for its various intervention funds during the covid-19 period last year.

She stated, interventions needed to continue to support the economy and support growth.

The economist made the assertion during the recently concluded Nairametrics Economic Roundtable held on the 7th of August, 2021 with the theme “How to get out of the Economic Crisis.”

RelatedStories

Chinwe Egwim appointed as Chief Economist and Director of Research and Impact Lab at Collaborative Frontier Finance

Chinwe Egwim appointed as Chief Economist and Director of Research and Impact Lab at Collaborative Frontier Finance

August 26, 2024
Coronation Merchant Bank appoints Paul Abiagam as Acting Managing Director/CEO 

Coronation Merchant Bank appoints Paul Abiagam as Acting Managing Director/CEO 

August 7, 2024

Her reaction was in response to a recent report by the World Bank which alluded to the fact that various intervention funds instituted by the Central Bank of Nigeria (CBN) were pivotal in helping Nigeria overturn the hard biting impact of the COVID-19 pandemic and return to economic growth.

Lending credence to the World Bank report, Nairametrics recently reported that some Nigeria-based companies declared massive profits on the back of CBN Intervention loans.

To address this lacuna, experts present at the webinar brainstormed and shared ideas on how the Nigerian economy can overcome its challenges. To access the video of the webinar, click HERE.

What you should know about the CBN Intervention Funds

Recall that in the wake of the COVID-19 Pandemic, the Central Bank of Nigeria being the apex monetary authority rolled out massive developmental interventions that cut across key sectors such as manufacturing, agriculture and SMEs. Some of these interventions are the Real Sector Support Facility, SME Credit Guarantee Scheme, Agri-business/Small and Medium Enterprises Investment Scheme (AGSMEIS), Nigeria Youth Investment Fund (NYIF), among others.

Additionally, the CBN also extended its forbearance of intervention loans for companies by retaining an interest rate of 5% for another one year as against the 9% previously charged.

As of February 2021, the apex bank noted that it had disbursed a total of N1.487 trillion to its various agriculture-centred initiatives. Of this lump sum, N686.59 billion was disbursed under the Commercial Agricultural Credit Scheme (CACS), and N601.75 billion under the Anchor Borrowers Programme (ABP) to 3,038,649 farmers to support food supply and dampen inflationary pressures.

Tags: Chinwe EgwimCoronation Merchant BankFeaturedNairametrics Economic Roundtable
Chidi Emenike

Chidi Emenike

Chidi Emenike is a graduate of economics, a Young African Leadership Initiative Fellow and an Investment Foundations certificate holder. He worked as a graduate Teaching Assistant in the Federal College of Education Kano and is also a trained National Peer Group Educator on Financial Inclusion

Related Posts

Chinwe Egwim appointed as Chief Economist and Director of Research and Impact Lab at Collaborative Frontier Finance
Companies

Chinwe Egwim appointed as Chief Economist and Director of Research and Impact Lab at Collaborative Frontier Finance

August 26, 2024
Coronation Merchant Bank appoints Paul Abiagam as Acting Managing Director/CEO 
Companies

Coronation Merchant Bank appoints Paul Abiagam as Acting Managing Director/CEO 

August 7, 2024
Coronation Merchant Bank receives significant Fitch rating upgrade to ‘B-‘, outlook stable
Corporate Updates

Coronation Merchant Bank receives significant Fitch rating upgrade to ‘B-‘, outlook stable

June 11, 2024
Chinwe Egwim
Corporate Updates

Nigeria’s Chinwe Egwim named Young Global Leader by the World Economic Forum

April 8, 2024
Banjo Adegbohungbe, Coronation Merchant Bank
Company News

Coronation Merchant Bank, named best investment bank, Nigeria, at the 2023 World Finance Banking Awards

December 1, 2023
Renowned Economist, Chinwe Egwim, unveils Super E: The Inflation Smackdown
Corporate Updates

Renowned Economist, Chinwe Egwim, unveils Super E: The Inflation Smackdown

November 14, 2023
Next Post

Ellah Lakes Plc appoints Robert Grant as Chief Financial Officer

Comments 3

  1. Salisu sani Ibrahim says:
    August 11, 2021 at 1:32 pm

    Poverty has problems in my life help me

    Reply
  2. Sani Adamu iliya says:
    September 5, 2021 at 8:07 pm

    Why our money is quite

    Reply
  3. Sani Adamu iliya says:
    September 5, 2021 at 8:08 pm

    Send us our money

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • SEPLAT tops trading value as All-Share Index hits N80 trillion; ACCESSCORP leads volume 
  • President Trump issues 50-day ultimatum to Putin, threatens 100% tariffs over Ukraine war 
  • FG to establish National Design and Development Agency to support Nigerian innovators 

Follow us on social media:

Recent News

Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%

SEPLAT tops trading value as All-Share Index hits N80 trillion; ACCESSCORP leads volume 

July 14, 2025
President Trump issues 50-day ultimatum to Putin, threatens 100% tariffs over Ukraine war 

President Trump issues 50-day ultimatum to Putin, threatens 100% tariffs over Ukraine war 

July 14, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics