The Central Bank of Nigeria (CBN) has urged the Manufacturers Association of Nigeria (MAN) to approach development financing institutions for their funding needs.
Deputy Director, Financial System Stability Directorate of CBN, Eboagwu Ezulu, stated this at the first National Stakeholders Conference organised by the Association of Corporate Affairs Managers of Banks (ACAMB) in partnership with the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos.
He advised MAN to approach the development financing institutions for loans, stating that these institutions were created in collaboration with the apex bank.
President, Manufacturers Association of Nigeria (MAN), Mansur Ahmed, urged commercial banks and the Organised Private Sector (OPS) to join hands to boost economic growth.
He pointed out that the performance and development of the private and banking sectors were expedient for the sustainability of the economy; hence, the need for both sectors to work together to reduce poverty, attract investment and boost economic growth.
Ahmed, therefore, recommended that the commercial bank should develop corporate patriotism to strengthen the willingness to lend at the interest rate that supports both the industry and the banking sector for the sake of the economy.
President, CIBN, Ken Opara, noted that the players in the organised private sectors were the real drivers of real sector growth and economic advancement through industrialisation, job creation, provision of goods and services and poverty alleviation.
