CBN introduces N220bn loan among traders

The apex bank in the country, Central Bank of Nigeria (CBN), has introduced a N220 billion Micro, Small and Medium Enterprise Development Fund (MSMEDF), a business development intervention among market men and women in the country.Speaking at a two-day interactive programme on financial inclusion among traders in Ilorin, Kwara State, the Head, External Communication, Corporate Communication Department of the CBN, Mr Isaac Okorafor, said the N220 billion fund is cheaper, affordable and it is at nine per cent all inclusive interest rate per annum.
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