CBN Deputy Governor Reveals how 37,000 Jobs Were Created, N3.9bn Distributed to Nigerians

CBN Deputy Governor Reveals how 37,000 Jobs Were Created, N3.9bn Distributed to Nigerians

  • Nigerian youths have been supported by the Central Bank of Nigeria (CBN) under the leadership of Godwin Emiefele
  • Kingsley Obiora, the CBN deputy governor, confirming this said the apex bank distributed N3.9billion and created over 37,000 jobs
  • Obiora in a special interview with The BlackMentor TV and the host, Joseph Nantomah, explained that this was achieved through the Entrepreneurship Development Centers

Dr. Kingsley Obiora, the deputy governor in charge of Economic Policy at the Central Bank of Nigeria (CBN) has declared that Nigerian youths have been supported by the apex bank under Governor Godwin Emiefele.

Obiora explained that over 37,000 jobs were created and N3.9bn distributed for Nigerians through the Entrepreneurship Development Centers during this period.

Kingsley Obiora
Kingsley Obiora says Nigerian youths have been supported by the apex bank. Photo credit: @osita_chidoka, @NeximBank
Source: Twitter

Obiora disclosed this in a special interview with The BlackMentor TV and the host, Joseph Nantomah, which was monitored by Legit.ng on Thursday, March 17.

The ex-special adviser explained that since 2008 the apex bank made it possible to train these students in a skill.

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He noted that they have been training Nigerian youth since 2008, adding that number of trainees we have from just 2915 to almost 83,000 in 2021.

His words:

“These centres are basically to ensure that we develop skills for the purpose of job creation for our youths. And since 2008 that we started, we have grown the number of trainees we have from just 2915 to almost 83,000 in 2021.

“What we do is that we train these students in a skill that they choose and then we create cheap loans at a very low-interest rate that can help them do now and start doing that job or skill.

“During this period we have actually distributed over about N3.9billion to all the trainees and in the process created over 37,000 jobs.”

Expert reveals how Emefiele initiated security interventions through CBN

Earlier, Legit.ng reported that Stanley Ebube, an expert in public affairs, has said CBN governor has been at the forefront of the significant amount of resources so far expended to push back violent extremism and other forms of criminalities in Nigeria.

Ebube made this known in a statement he sent to journalists in the Federal Capital Territory, Abuja on Thursday, March 3.

He said Emefiele's strong determination to ensure that resources designated to the fight against insurgency and other criminal activities move seamlessly is partly due to the fact that he has been a direct victim of the dangerous effect of insecurity.

FG to spend N3.53trillion on infrastructure, human capital development in 2022

Meanwhile, the minister of finance, budget, and national planning, Zainab Shamsuna Ahmed, has revealed that the federal government will spend N3.53 trillion on infrastructure and human capital development in the year 2022.

She stated this during a town hall meeting organised by the ministry of information and culture in Abuja on Tuesday, February 22, and attended by a Legit.ng reporter.

The minister said Nigeria’s huge and growing population offered both an economic challenge and opportunity in the light of constrained revenue proceeds brought on by several multi-dimensional factors, including the global pandemic and its impact on the local economy.

Source: Legit.ng

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