The Central Bank of Nigeria (CBN) and the Bankers’ Committee have announced plans to provide special stimulus package to Nigerian-registered airlines and the media industry.
CBN Governor Godwin Emefiele said on Tuesday.that this move would assist in easing the impact of Coronavirus on the sectors and to save jobs.
Addressing the chief executives of the banks during the bi-monthly virtual meeting of the Bankers’ Committee, Emefiele urged them to support the airlines.
He noted: “Such support is critical to helping the industry recover from the economic crisis triggered by the COVID-19 pandemic.”
The apex bank chief also urged the banks to support the efforts of the media industry to cope with the lingering pandemic, adding that, supporting the media would go a long way in averting massive job losses in the industry.
The CBN had in the advent of COVID-19 in Nigeria, announced a N1.2 trillion intervention fund to support critical sectors of the economy, N1 trillion of which was to support local manufacturing sector and to boost import substitution.
Out of the fund, N100 billion was to support the health sector in equipping laboratories and enhancing research to produce vaccines and test kits in Nigeria.
