Stakeholders differ on CBN’s withdrawal from manufacturers’ intervention fund

By Yinka KolawoleIndustry stakeholders have expressed divergent views on the Central Bank of Nigeria’s (CBN) withdrawal from direct intervention financing of the manufacturing sector.Director General of Lagos Chamber of Commerce and Industry (LCCI), Dr. Chinyere Almona, said CBN’s exit has left manufacturers heavily dependent on commercial banks that are not structured to provide long-term industrial financing.According to her, withdrawing intervention financing without a