Nigerian Investors to Take Advantage of N220b Credit Facility

October 22, 2015 Facebook Twitter LinkedIn Google+ Business News


The Central Bank of Nigeria has urged investors belonging to the micro and medium categories to take advantage of the institution‘s N220 billion credit facility for the development of Micro, Small and Medium Enterprises (MSMEs).

This was announced by CBN Consultant, Yakubu Abdalla at a fund sensitization event in Gombe State. According to him, the fund aims to trigger job creation in the country’s private non-formal sector, targeting co-operative society members.

Notably, over 90% of Nigerians are unaware of the the fund’s existence, Abdalla states.


Source:  The Nation