Wednesday, April 14African Business News
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CBN Boosts Poultry Industry with Disbursement of N12.55bn Credit

CBN Boosts Poultry Industry with Disbursement of N12.55bn Credit

Agriculture
The Central Bank of Nigeria (CBN) has so far released N12.55 billion to support the small, medium and large scale poultry farmers. The CBN explained that the gesture is part of its strategy to boost egg and meat production as well as to create more jobs for Nigerians. Last month, some stakeholders under the umbrella of Poultry Association of Nigeria (PAN) had called on the federal government to intervene in the sector to mitigate the losses occasioned by the restriction of movement of goods and services amidst the spread of the COVID-19 pandemic and the attendant lockdown. President of the association, Mr. Ezekiel Ibrahim, while addressing journalists had raised concerns that unless there was an urgent government intervention, the industry might be forced to shut down by January. ...