Islamic council task Muslims to access CBN intervention loans
The Nigerian Supreme Council for Islamic Affairs (NSCIA) has tasked Muslims to apply for the non-interest version of the Central Bank of Nigerian (CBN) intervention funds for the masses.
The funding initiatives include the Anchor Borrowers Programme (ABP), Agri-Business, Small and Medium Enterprises Investment Scheme (AGSMEIS), among others.
The religious council also lamented that for decades, Nigerian Muslims have been grossly marginalized in the country’s financial sector and other growth triggering financial interventions of the CBN due largely to the interest element that is usually involved in the schemes.
According to the President-General of NSCIA in a statement on Thursday, Sultan of Sokoto, Alhaji Muhammad Sa’ad Abubakar, said that Muslims constitutes over half of the country’s population.
