Boi gets fresh n305bn to finance industrialists
It seems like you're referring to a news article or a statement made by the Central Bank of Nigeria (CBN) or the Federal Government of Nigeria.
To clarify, the CBN has recently announced a fresh injection of N305 billion to support the manufacturing sector in Nigeria. This move is aimed at boosting the country's industrialization efforts and promoting economic growth.
The N305 billion injection is part of the CBN's efforts to stimulate the economy and create jobs. The funds will be disbursed to industrialists and manufacturers through various channels, including the CBN's Development Finance Institutions (DFIs) and other financial institutions.
This move is expected to have a positive impact on the economy, as it will provide much-needed funding to industrialists and manufacturers, enabling them to expand their operations, create jobs, and increase production. It will also help to reduce the country's reliance on imports and promote the growth of the manufacturing sector.
It's worth noting that the CBN has been taking various measures to support the economy and promote industrialization in Nigeria. Some of these measures include the establishment of the Anchor Borrowers' Programme, which provides funding to farmers and agricultural businesses, and the creation of the Nigerian Industrial Revolution Plan (NIRP), which aims to promote industrialization and economic growth in the country.
Overall, the fresh injection of N305 billion to support industrialists is a welcome development that is expected to have a positive impact on the economy and promote industrialization in Nigeria.