It might take time for consumer sentiment to fully recover depending on the aftermath of the accident at the nuclear power plant and on the employment and income situation. To put it the other way around, if problems regarding supply constraints start to be resolved at a faster pace than expected, the economy could deviate upward from the projection.
In this regard, the CBN has taken the lead in the financing of the real sector and infrastructure projects, and enhancing credit to the real sector. A N500.0 billion fund was established out of which N300 billion is for power/infrastructure and aviation sectors and N200.0 billion for the refinancing/restructuring of banks’ existing loan portfolios to manufacturers/SMEs.