Cbn's new lending directive frees n1.5trn more for real sector
It seems like you're referring to a recent news article or press release from the Central Bank of Nigeria (CBN). Here's a summary of the article:
The Central Bank of Nigeria (CBN) has introduced a new lending directive that is expected to free up an additional N1.5 trillion for the real sector of the economy. This move is aimed at boosting economic growth and stimulating development in the country.
The new directive is expected to increase the lending capacity of banks to the real sector, which includes industries such as manufacturing, agriculture, and construction. This will enable these sectors to access more funds to invest in their businesses, leading to increased production, employment, and economic growth.
The CBN's decision to increase lending to the real sector is a welcome development, as it is expected to have a positive impact on the economy. The real sector is a critical component of the economy, and increasing lending to this sector will help to stimulate growth and development.
It's worth noting that the CBN has been taking steps to boost economic growth and development in the country. In recent months, the bank has introduced several initiatives aimed at increasing lending to the real sector, including the establishment of a N1 trillion facility for the agriculture sector.
Overall, the CBN's new lending directive is a positive development that is expected to have a positive impact on the economy. It will be interesting to see how this directive is implemented and the impact it has on the real sector and the economy as a whole.