2018-08-24 | CCD/GD/01/23-08-2018

Guidelines for Accessing Real Sector Support Facility (RSSF) through CRR and Corporate Bonds

The Central Bank of Nigeria (CBN) introduced guidelines to increase credit flow to the real sector, including agriculture and manufacturing, to sustain economic recovery. Deposit Money Banks (DMBs) are incentivized to provide affordable, long-term credit to these sectors, while corporates are encouraged to issue long-term corporate bonds. The CBN will prioritize projects that enhance Nigeria's import substitution strategy and stimulate employment and growth. The maximum facility amount is ₦10 billion per project, with a minimum tenor of seven years and a 9% interest rate. Participating financial institutions and borrowers must adhere to strict guidelines and responsibilities, with severe penalties for non-compliance.

Nigeria

Central Bank of Nigeria

Show thumbnail