Nigeria: CBN Introduces N300 Billion Real Sector Support Facility

5 March 2015

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.

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