30 States Benefit from CBN's Concessionary Loans –Buhari

President Muhammadu Buhari has said that the Central Bank of Nigeria had so far assisted more than 30 states of the federation with concessionary loans to offset salary arrears for their workers.

The president said the bank also implemented country-specific and innovative policies that had helped to stabilise the exchange rate and conserve the nation’s reserves.

“The Central Bank of Nigeria has also assisted more than 30 states of the federation with concessionary loans to offset salary arrears for their workers.

“On the monetary side, the CBN has also implemented country-specific and innovative policies that have helped to stabilize the exchange rate and conserve our reserves.

“While recognising the challenges we face and the need to surmount them, let us not fail to note the progress we have made in the short life of this government, as an indication of how much better we can do as a people driven by patriotism and a common resolve to do things right.’’

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