News Update

CBN Laments Low Participation of Anambrain Intervention Programmes

By Ikeugonna Eleke

The Central Bank of Nigeria (CBN) has lamented the low participation of the people of Anambra State in the intervention programmes by the bank.

The controller of Anambra branch of CBN, Mr Benedict Maduagwu, disclosed this during a sensitization tour of the apex bank in Awka, lamenting that despite the abundance of skills and talent in the state, only 44,374 persons from the state had benefitted.

He however said that the organisation had intensified efforts to bring together and speak to people in the state to get them up to date about requirements for some of the organisation’s programmes so that they could get funds to expand their businesses.

‘Anambra people have been participating in various CBN intervention programmes, but the truth is that the number has not been encouraging.

‘Since inception, only 44,374 beneficiaries have been registered in Anambra State in CBN intervention programmes; yet Anambra is a state with abundance of talent, skills and inventors.

‘That is why we have decided to hold this sensitization workshop for people in the state, including farmers, artisans, students and the general public, to convey some of these programmes and simplify the language for people to be able to participate.

‘Our efforts have yielded fruits, and if you check, since the last two years, Anambra has picked up, and 24,954 persons in the state have benefitted. This number is a huge increase, but it is still not up to what other states witness. That is why we are here to speak to you people,’ Maduagwu told participants.

A representative of the Anambra State government, Hon Pauly Onyeka, who is the Commissioner for Housing, commended the organisation for the fair, stating that Anambra should not for any reason be lagging behind because it was a state that talents and skills abound.

‘In fact, if CBN has a N10 trillion budget for a programme, Anambra should get N1trillion, because we have people who can utilize such fund well. We are hopeful that with this workshop, our people will learn to apply for programmes like this,’ he said.

Onyeka encouraged youth corps members who were participants in the programme to pay attention and see reason to apply for funds that could finance their ideas and turn them into employers, instead of job seekers upon conclusion of their mandatory one year service.

Some of the participants, including Mr Onyekachukwu Isi, the Managing Director of EN Farms Limited and chairman of Anambra State Chapter of Poultry Farmers Association, lauded the CBN for their interventions.

‘I’m a beneficiary of the Commercial Agricultural Credit Scheme, 2022 of the CBN. The programmes of CBN require a lot of processes, and follow-ups, but they are real. I believe that with this workshop, people will learn further and become beneficiaries too,’ he said.