Nigeria: 5 Banks Contribute N245.8 Billion to CBN's Real Sector Support Facility

Lagos — In a move to towards increasing credit to priority sectors of the nation's economy, Zenith Bank Plc, United Bank Plc and three other commercial banks invested N245.8 billion to Central Bank of Nigeria (CBN) Real Sector Support Facility (RSSF).

The other three banks are Access Bank, Diamond Bank Plc and Stanbic IBTC Holdings Plc. The N300 billion RSSF introduced by CBN in January 2016 and was meant to unlock the potential of the real sector to engender output growth, value added productivity and job creation.

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