Tag
CBN INTERVENTION
The Lagos state government borrowed around N196 billion via the Central Bank of Nigeria (CBN) intervention funds for the Redline and Blueline rail projects across the state.
The Central Bank of Nigeria (CBN) has N2.126 trillion in unpaid funds from its intervention program, which were sourced from the Cash Reserve Ratio (CRR) of deposit money banks (DMBs).
The Central Bank of Nigeria, over the span of ten years, allocated a mere 6.63% of the total N10.39 trillion loan disbursed to various sectors as intervention programmes, to support Micro, Small, and Medium Enterprises (MSMEs).