Single digit loans for creative industry – Daily Trust

The Central Bank of Nigeria [CBN] recently unveiled its plan to administer N200 billion in single-digit interest loans to the creative industry, some targeted cash crops and other operators in the economy. The loan repayment period can be as long as ten years. Speaking after a meeting of the Bankers’ Committee in Lagos, CBN’s Director of Banking Supervision Department Ahmed Abdullahi said the loans will be will be administered under aegis of the Bankers’ Committee.

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