In a bid to improve production and exports of cash crops in Nigeria, the Bankers Committee has earmarked a credit facility of N200 billion. The disclosure was made by the Managing Directors of UBA Plc and GTBank Plc, Kennedy Uzoka and Segun Agbaje respectively, during a press conference after a meeting. So we looked at all these things and we broke them into immediate, medium and long term because some we cannot address within a short period,” Uzoka added. In recent times, CBN has been making efforts to develop several sectors including the cotton, textile and garment, as well as in palm produce. More so, the Committee revealed that it would soon announce a credit facility to support the creative industry with the aim of creating 300,000 jobs in the industry.

Source: The North Africa Journal April 06, 2019 16:52 UTC