CBN’s retreat from industry funding intervention
The Manufacturers Association of Nigeria (MAN) also fears that shrinking credit will suppress capacity utilisation, stall investment, weaken job creation and undermine the industrial policy framework.
What is needed is more, and smarter, CBN engagement: well designed, ring fenced windows delivering genuine single digit, long term credit, tightly coordinated with fiscal and industrial policy.
The Lagos Chamber of Commerce and Industry (LCCI) warns that pulling intervention funds without a workable replacement has pushed firms into a conventional credit market that is impatient and structurally unsuited to industrial capital.
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