INSIDE NIGERIA: N193bn Intervention Loans Declared Lost By CBN

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A report by the Central Bank of Nigeria (CBN) has revealed that out of the total loans of N10.3 trillion disbursed as intervention, N193 billion has been declared lost and another N418.9 billion remains doubtful.

The report, which was last updated in September 2023, detailed the breakdown of the bank’s intervention funds over the years.

The apex bank governor, Yemi Cardoso, has repeatedly criticized the intervention funds carried out under the leadership of Godwin Emefiele, claiming that the bank could not implement the interventions appropriately.

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THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN

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The economic crisis and hardship in Nigeria are parts of the discussion.


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