Tag: State loans owed CBN

  • CBN begins monthly deduction of project loans from state to recover debt

    CBN begins monthly deduction of project loans from state to recover debt

    by

    in

    The Central Bank of Nigeria (CBN) has begun collection of project support loan facilities to some states for the execution of projects under its intervention programmes. The credit facilities were given to some states to finance various projects across different sectors, including agriculture and manufacturing. CBN’s Director of Development Finance, Dr Philip Yila Yusuf made…