Only N14billion Of N471billion Loans Released For Farmers By Central Bank – Osinbajo Knocks Governor Emefiele Over Nigeria’s Ailing Economy

The Vice President, Yemi Osinbajo, has blamed the Godwin Emefiele-led Central Bank of Nigeria and other banks for failing to implement the N2.3trillion post COVID-19 stimulus package, thereby causing “economic pains” for Nigerians.

Speaking at the midterm retreat of President Muhammadu Buhari’s second tenure, the Vice-President added the exchange rate was artificially low, and hence deterred investors from bringing foreign exchange into the country.

He noted that if Buhari had not set up the sustainability plan, the economic pains associated with COVID-19 would have been deeper and lasted longer.

Dishing out facts and figures of the achievements of the post-COVID-19 stimulus, Osinbajo lamented that the CBN and the banks delayed in releasing much of the funds causing implementation delays in the Agriculture, Solar Power and Social Housing sectors.

Read more from the source- EIN