CBN decries non-patronage of its intervention programmes in Kano

The Central Bank of Nigeria (CBN) has expressed concern on the inability of people in Kano State to patronise its various interventions programmes.

The CBN Acting Branch Controller in Kano, Hajiya Bilkisu Mahe-Wali, made the complaint at a two-day sensitisation workshop in Kano on Thursday.

Our correspondent reports that the workshop was organised by the CBN for traders, farmers and artisans, among others, to sensitise them on its operations and how to access its various interventions programmes.

She said that lack of awareness, education and seriousness on the part of the previous administrations in the state were responsible for the problem.

“The previous administration in the state interested in collecting the money to distribute to people, not knowing that we have regulations governing the disbursement of such intervention funds,” she said.

She said the idea behind the various interventions programmes was to promote financial stability, economic growth and development in the country.

“The various credit enhancement schemes increase access to loans and financial inclusion to enable adult Nigerians have easy access to a number of financial services that meet their needs at affordable prices,” she said.

She said that the various intervention initiatives were meant to reduce poverty and build the capacity of indigenous young entrepreneurs to enable them promote profitable businesses, among others.

She, therefore, called on the people of the state to take advantage of the interventions to promote their businesses for economic growth and development.

Earlier in his remarks, Alhaji Bashir Wali, another official of CBN, said the apex bank had made significant impact, especially from its Anchor Borrower Programme.

He said the decision to organise the sensitisation workshop was to enable more people to access and benefit from the various interventions programmes of the bank.

“This will also ensure sustainable economic growth and development in the country,” he said.

The Kano State Commissioner of Finance, Prof Kabiru Dandago, commended the apex bank for initiating the programme, which he said, would go a long way in enlightening the people on the various services offered by the bank.