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Speaking at the bank’s special day at the ongoing 42nd Kaduna International Trade Fair yesterday, Mr. Osita said the bank also reduced its interest rate on CBN intervention loans from 9 to 5 percent and initially created a N150 billion Targeted Credit Facility (TCF) for affected households and SME’s through the NIRSAL microfinance Bank. Represented by the Branch Controller, Kaduna, Ahmed Mohammed Wali, he said the fund has since been increased in order to accommodate more beneficiaries, boost consumer expenditure and positively impact output growth. He noted that the Anchor Borrowers’ Programme had provided intervention facilities to 3,107,949 small holder farmers cultivating 3.8 million hectares of land while about 29,026 beneficiaries have accessed N111.7 billion under the Agri-business/Small and Medium Enterprises Investment Scheme (AGSMEIS).

Osita nwanisobiAhmed mohammed waliKaduna international trade fairBorrower programmeDepartment of the central bankMedium enterprisesMedium enterprises investment schemeActing director corporateCentral bankTargeted credit facilityBranch controllerAnchor borrower programmeCreative industryகடுனா சர்வதேச வர்த்தகம் நியாயமானதுறை ஆஃப் தி மைய வங்கிநடுத்தர நிறுவனங்கள்