The Central Bank of Nigeria (CBN) says it distributed 2.83 billion dollars
to critical sectors of the economy between December 2016 and January 2017.
On Thursday, Mr Isaac Okorafor, the Acting Director, Corporate
Communications Department of CBN, made this known in a statement in Abuja. He
said that manufacturing, raw materials and agriculture outdid the disbursements
targeted at the employment and wealth generating sectors of the economy.
He restated the CBN’s determination to continually ease the foreign exchange
pressure on critical sectors.
“It will be recalled that the CBN, in the month of November 2016, supported
critical sectors with 1.07 billion dollars equivalent of foreign exchange for
agricultural machinery, industrial raw materials, education and personal travel
allowances.
“This was to source industrial raw materials and spare-parts through the
interbank foreign market.’’
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