22 February 2013

Nigeria: Bank Credits Will Boost Real Sector - Expert

A financial expert, Mr Sewa Wusu, has said that creating more access to credit facilities for Nigerians would boost Nigeria's real sector development in 2013.

Wusu, Head of Markets at Sterling Capital, said the Bankers' Committee's new drive to increase access to credit was highly commendable.

Wusu said in Lagos that more funds were needed to transform real sector.

The Bankers' Committee had promised to introduce a consumer credit scheme to enable bank customers get credit facilities to finance purchase of household goods.

The Committee also said it would introduce welfare packages as obtained in developed countries.

The schemes are billed to commence between June and July. NAN

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