• About Us
  • Contact Us
  • Privacy Policy
  • Disclaimer
Wednesday, March 29, 2023
  • Login
The Daily Reality
  • Home
  • News
  • Opinion
  • Politics
  • Entertainment
    • All
    • Sports
    PSG, Man Utd, Chelsea scramble to sign Nigerian striker Osimhen

    PSG, Man Utd, Chelsea scramble to sign Nigerian striker Osimhen

    Cristiano Ronaldo puts own private jet up for sale

    Cristiano Ronaldo puts own private jet up for sale

    Luka Modric in talks with Ronaldo’s Alnassr over possible move to Saudi Arabia

    Luka Modric in talks with Ronaldo’s Alnassr over possible move to Saudi Arabia

    Thomas Tuchel set to replace sacked Bayern Munich Manager

    Thomas Tuchel set to replace sacked Bayern Munich Manager

    Why men flirt with waitresses in hotels?

    Why men flirt with waitresses in hotels?

    Can Arsenal be stopped?

    Can Arsenal be stopped?

    Veteran actor ‘Papa Ajasco’ is dead

    Veteran actor ‘Papa Ajasco’ is dead

    Rahama Sadau is just a western copycat

    Rahama Sadau is just a western copycat

    Messi leaving Camp Nou — Barcelona

    We made the best decision by letting Messi go—Barca president

    • Entertainment
  • Local
  • Education
  • International
  • Kannywood
  • Religion
  • Sports
No Result
View All Result
  • Home
  • News
  • Opinion
  • Politics
  • Entertainment
    • All
    • Sports
    PSG, Man Utd, Chelsea scramble to sign Nigerian striker Osimhen

    PSG, Man Utd, Chelsea scramble to sign Nigerian striker Osimhen

    Cristiano Ronaldo puts own private jet up for sale

    Cristiano Ronaldo puts own private jet up for sale

    Luka Modric in talks with Ronaldo’s Alnassr over possible move to Saudi Arabia

    Luka Modric in talks with Ronaldo’s Alnassr over possible move to Saudi Arabia

    Thomas Tuchel set to replace sacked Bayern Munich Manager

    Thomas Tuchel set to replace sacked Bayern Munich Manager

    Why men flirt with waitresses in hotels?

    Why men flirt with waitresses in hotels?

    Can Arsenal be stopped?

    Can Arsenal be stopped?

    Veteran actor ‘Papa Ajasco’ is dead

    Veteran actor ‘Papa Ajasco’ is dead

    Rahama Sadau is just a western copycat

    Rahama Sadau is just a western copycat

    Messi leaving Camp Nou — Barcelona

    We made the best decision by letting Messi go—Barca president

    • Entertainment
  • Local
  • Education
  • International
  • Kannywood
  • Religion
  • Sports
No Result
View All Result
The Daily Reality
No Result
View All Result
Home Opinion

CBN abandons non-interest loan facility for Nigerian Muslims

Admin by Admin
4 March 2022
in Opinion, Religion
11
CBN abandons non-interest loan facility for Nigerian Muslims

Mr Godwin Emefiele

0
SHARES
4.6k
VIEWS
Share on FacebookShare on Twitter

By Muhammad Abdurrahman

Despite millions of applications by Nigerian Muslims for the Central Bank of Nigeria’s interest-free interventions, the apex bank decides to discard this critical project.

A year ago, on July 24, 2020, the Central Bank of Nigeria (CBN) unveiled series of guidelines for the non-interest financial interventions under its Agri-Business, Small and Medium Enterprise Investment Scheme (AGSMEIS), Micro, Small and Medium Enterprises Development Fund (MSMEDF), the Accelerated Agricultural Development Scheme (AADS) and host of others. Millions of Nigerians, especially Muslims guided by the sermons of prominent clerics and the assistance of many Muslim IT specialists and academics, applied for these CBN’s interventions.

Nevertheless, more than a year later, there has not been any information or explanation from the CBN regarding these crucial programmes. As a result, Nigerians are now left only with speculations, which are gradually gaining ground.

Many people alleged that some interests within the bank and the country’s financial architecture sabotage the interventions, with all the consequences on the Federal Government’s acclaimed concern for integrated development.

In a statement signed by the National Secretary-General of the Da’awah Coordination Council of Nigeria (DCCN), Engr Ahmad M.Y. Jumba said, “It will be a great disservice for the Federal Government, which has been widely applauded for this milestone, to allow this intervention to end up in the dustbin of calculatingly sabotaged policies and programmes. If the CBN is serious, why then the delay in implementation even as it continues to implement other programmes?

See also  The trend of bleaching among Kano people

“The Da’awah council calls on the authorities concerned to expedite action and make those interventions immediately available, accessible and affordable. At a time when many Nigerians are suffering from extreme poverty and hunger, when small businesses are crumbling due to lack of capital, when millions of youth are roaming the streets with no jobs and no access to start-ups; at this time of hyperinflation amidst dwindling incomes, we find it suicidal for the CBN to remain conspicuously silent about a programme that has all it takes to support Nigerians get out of poverty and put our dear nation on the path of inclusive growth and sustainable development,” Jumba lamented.

Some applicants contacted by The Daily Reality cried out that as is the norm for Muslim faithful, they had resorted to prayers and anticipation for God’s intervention. On this note, Jumba also added that:

“It is our hope that the Federal Government will fulfil its promise by directing the CBN to immediately release the modalities for accessing those interventions in the shortest possible time.

“We will call on all religious leaders, Imams, in particular, to use their pulpits and deliver QUNUT against any person who is deliberately engaged in sabotaging the interventions,” Jumba concluded.

See also  KTSG’s Public Opprobrium: English is not the problem
Tags: CBNCovid-19Federal Government of NigeriaGodwin EmefieleMuslimsNon-Interest Loan
Previous Post

DSS disrupts Saudi Arabia’s job interview in Abuja, disperses doctors, nabs journalist

Next Post

Media as watchdog: foe to government, friend to masses

Next Post
Media as watchdog: foe to government, friend to masses

Media as watchdog: foe to government, friend to masses

Comments 11

  1. Salihu muhammad says:
    2 years ago

    Please i need to help

    Reply
    • Muhsin Ibrahim says:
      2 years ago

      http://nibloans.nmfb.com.ng/noninterestlendingtcfsme?__cf_chl_jschl_tk__=pmd_ym9JTgov2TLn0FdcWU5seV2amAC.gHvdemlCTp11_L8-1630185651-0-gqNtZGzNAeWjcnBszQOl

      Reply
  2. Tofeek Ismail says:
    2 years ago

    Well done

    Reply
  3. Babangida Umar says:
    2 years ago

    I need to be among the beneficiaries

    Reply
    • Muhsin Ibrahim says:
      2 years ago

      http://nibloans.nmfb.com.ng/noninterestlendingtcfsme?__cf_chl_jschl_tk__=pmd_ym9JTgov2TLn0FdcWU5seV2amAC.gHvdemlCTp11_L8-1630185651-0-gqNtZGzNAeWjcnBszQOl

      Reply
  4. Bashir haruna says:
    2 years ago

    I need loan

    Reply
    • Muhsin Ibrahim says:
      2 years ago

      http://nibloans.nmfb.com.ng/noninterestlendingtcfsme?__cf_chl_jschl_tk__=pmd_ym9JTgov2TLn0FdcWU5seV2amAC.gHvdemlCTp11_L8-1630185651-0-gqNtZGzNAeWjcnBszQOl

      Reply
  5. Bashir Said says:
    2 years ago

    We are on waiting since last year
    I hope this advise will be accepted

    Reply
  6. Lawal Jafaru says:
    2 years ago

    We need alone to Develop our Business Man Through the Problems of Covid19.

    Reply
  7. Muhammad Bashir says:
    2 years ago

    I want a loan

    Reply
  8. Muktar says:
    2 years ago

    Collecting Loans will never solve the problem of the youth , knowledge will. Let’s stop deceiving ourselves

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Polaris Bank cautions Muslim staff to avoid Friday prayer

Ban on Prayer: Polaris Bank under fire as customers threaten money withdrawal

6 months ago
Houses destroyed as Maiduguri witnesses first rainfall

Houses destroyed as Maiduguri witnesses first rainfall

12 months ago

Popular News

  • An open letter to Barrister Abba Hikima

    Re: An open letter to Barrister Abba Hikima

    0 shares
    Share 0 Tweet 0
  • Hausa names as ethnographic identifiers

    0 shares
    Share 0 Tweet 0
  • Barau Jibril, Nigeria’s 10th senate leadership and BAT

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Twitter
The Daily Reality

The Daily Reality

The Daily Reality is an online news medium with a physical address in Kano State, Nigeria. As our name suggests, we aim to be realistic and truthful to our readers. Moreover, we are an independent, non-partisan company. Thus, we will always do our best to be fair, factual and accurate in our journalism.

Follow us on social media

Category

  • Business (79)
  • Education (300)
  • Engausa (10)
  • Entertainment (34)
  • Health (65)
  • International (181)
  • Kannywood (39)
  • Lifestyle (52)
  • Literature (37)
  • Local (313)
  • National (383)
  • News (1,323)
  • Opinion (1,027)
  • Politics (388)
  • Religion (177)
  • Science (15)
  • Security (43)
  • Sports (40)
  • Technology (62)
  • Travel (6)
  • Uncategorized (2)
How APC’s only female guber candidate emerged in Adamawa

Why Binani may not win Adamawa governorship election

29 March 2023
Barau Jibril, Nigeria’s 10th senate leadership and BAT

Barau Jibril, Nigeria’s 10th senate leadership and BAT

29 March 2023
Language and the specific gravity of identity

Hausa names as ethnographic identifiers

29 March 2023

© 2022 The Daily Reality - Powered by EasyLife Creative Studio.

No Result
View All Result
  • Home
  • News
  • Opinion
  • Politics
  • Business
  • National
  • Entertainment
  • International
    • Kannywood

© 2022 The Daily Reality - Powered by EasyLife Creative Studio.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In