The Benue State Governor, Chief Samuel Ortom,
has called on the Central Bank of Nigeria (CBN)
to cut down on interest rates to make borrowing
more attractive to investors.
Governor Ortom made the call at a two-day Fair
and enlightenment campaign organized by the
CBN in Makurdi, the Benue State capital.
Represented by the Commissioner for Industry,
Trade and Investment, Dr. Tersoo Kpelai, Chief
Ortom said the current 28 percent interest rates
on loans granted to private Investors in the
country’s economy is a disincentive to
investment.
The governor commended the CBN for introducing
policies such as consumer protection right, Bank
Verification Number (BVN) and Treasury Single
Account (TSA) which he said had helped in
ensuring accountability and sanity in the banking
sector.
He also noted that, in line with its commitment to
blocking revenue leakages, his administration had
introduced the Point of Sale (POS) in the
collection of all forms of revenue in the state to
block leakages and ensure transparency.
The representative of the CBN governor, Alhaji
Aliyu, noted that the management of Central Bank
of Nigeria attached great importance and
commitment to the sensitization programme
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