Nigeria: FCMB to Empower Agribusiness, Others With AfDB's U.S.$50 Million Credit Facility

2 August 2021

First City Monument Bank (FCMB) has said that women and local enterprises involved in agribusiness, manufacturing, health care, and renewable energy will soon have access to long-term funding courtesy of a $50 million credit facility from the African Development Bank (AfDB).

The bank said the $50 million credit line will narrow the lending gap to underserved segments and complement its lending efforts and operations in the Nigerian market.

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