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CBN Interventions Funds

March 16, 2022 by Radius Times

How to Benefits from CBN N220 Billion MSMEDF

The Central Bank of Nigeria (CBN) has rolled out Interventions funds for Businesses in Nigeria.

The intervention funds include the below;

N235 BILLION CBN INTERVENTION FUND FOR MANUFACTURING RE-FINANCING AND RESTRUCTURING FACILITIES OF BANKS’ LOANS.

These Guidelines relate to the N235 billion intervention fund for re-financing and restructuring of banks’ loans to the manufacturing sector (The Fund).

Also Read, Apply: Bank of America: Get The Money Your Business Needs

The objectives of the Fund are to:

  •  Fast-track the development of the manufacturing sector of the Nigerian economy by improving access to credit to manufacturers.
  •  Improve the financial position of the Deposit Money Banks (DMBs).
  •  Increase output, generate employment, diversify the revenue base, increase foreign exchange earnings and provide inputs for the industrial sector on a sustainable basis.

Also Read, Apply: Cheapest Canadian Universities for International Students

For more information, click here

N300 BILLION CBN POWER AND AIRLINE INTERVENTION FUND (PAIF)

 The objectives of the Fund are to:

  • Fast-track the development of electric power projects, especially in the identified industrial clusters in the country;
  • Fast-track the development of the aviation sector of the Nigerian economy by improving the terms of credit to Airlines;
  • Improve power supply, generate employment, and enhance the living standard of the citizens through consistent power supply;
  • Provide leverage for additional private sector investments in the power and aviation sectors.

For more information, Click here

For further enquiry, click here

Click Here To Apply

CBN Interventions Funds
CBN Interventions Funds

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