OPSN Faults CBN For Denying Firms Access To N1Tr Intervention Funds

The Organised Private Sector of Nigeria (OPSN) has chastised the Central Bank of Nigeria (CBN) for creating bureaucratic roadblocks that prevent businesses from accessing the N1 trillion COVID-19 intervention funds set up by the apex bank to stimulate and revamp the economy through structured refinancing and loans. According to the OPSN, credible information from many firms across the country indicated that the apex bank had limited access to various intervention monies. Chairman of OPSN, Taiwo Adeniyi, and members of the body spoke at a press conference on the status of the economy, urging the apex bank to complement its efforts […]