620,000 jobs created as CBN releases N44bn to CTG sector

Over 620,000 direct and indirect jobs were created in two years as a result of the Central Bank of Nigeria’s intervention in Cotton, Textile and Garment sector.

Emefiele said the 620, 000 jobs were created through a number of measures targeted at improving the fortunes of operators in the of CTG sector while working to stop the smuggling and dumping of textile materials in the country. CBN also increased industry capacity of ginneries from an average of 19 percent to 51 percent; the textile sector getting 100 percent of their major raw material at a CBN-subsidized rate of N440, 000 as against the market price of N593, 000; engaging uniformed services to start patronizing made-in-Nigeria textiles for their uniform and ensuring that the garment industry received orders for production of uniforms and cotton harvest bags.

Also speaking at the occasion, CBN’s Director of Development Finance Mr. Philip Yusuf Yila highlighted the target of the CBN’s intervention in the country to include: closing the seed cotton gap in Nigeria of 450,000 Metric Tonnes by 2022; increasing the capacity utilization of ginneries from less than 30 percent to 80 percent in the same period.

Hahaha audio Lori’iro smh they will sidelined the south west south east and others, this jobs is only for the Fulanis.

Ghost job abi because no one can testify your claimed

Audio jobs

So immediately they released 44 billion 620k jobs were created abi do we look like ode ni

WHERE

Stop wasting money. Influence state police and secure our country

God will punish CBN it's self...

Lie lie people

Follow and I follow back

Lol 😁😁, Nigeria why? Where are d jobs? What are they known for? Where are their branches? Head office nko? CBN better be careful ooo

Lori iro, these guys fail to realize that we are not in the 70s anymore and they fail surprisingly to realize that when they take us as foolish people they are directing the insult on theirselves cos they’re all part of the foolish population of Nigeria and it sucks!

Stop feeding us lies

This is a joke right 😲

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Are they declaring Assets

Why is lieing again

😆😆😆 I tried not to laugh

Lies

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