CBN Director, Banking Supervision, Mrs. Tokunbo Martins, said the supervisory bank was working on ways of ensuring that more funds get to the critical sectors of the economy.
Head, Relationship Management, MSME Development Finance Department, Tobin Jonathan, said CBN was jolted by low access to the fund by operators.
CBN, he said, is worried that since the fund was launched last August only insignificant portion has been disbursed to operators because of stringent conditions attached to accessing the funds.
MSME-operators, Ibrahim said, were complaining that the criteria were too difficult to meet, hence CBN Governor Godwin Emefiele relaxed them to make the funds more accessible.
He added that the CBN also addressed other complaints by participating financial institutions, including the spread of profit to cover their cost of operations.
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