As part of efforts to unlock the potential of the real sector to engender output growth, value added productivity and job creation, the Central Bank of Nigeria (CBN) has established a N300 billion Real Sector Support Facility (RSSF).
The facility shall be administered at an all-in INTEREST RATE/charge of nine per cent per annum payable on a quarterly basis. Specifically, the central bank shall be entitled to earn three per cent as interest and the banks, a six per cent spread.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article