Regulatory Alerts2017-06-07 | RSSF_REVISED_GUIDELINE_MAY2017RSSF Revised Guidelines May 2017
The Central Bank of Nigeria has introduced the Real Sector Support (RSS) Facility Guidelines to provide financial assistance to real sector businesses, particularly those in the manufacturing and agriculture sectors. This facility provides a credit line at an interest rate of 9% per annum, all-inclusive for eligible Deposit Money Banks (DMBs). The guidelines outline requirements, eligibility criteria, responsibilities of stakeholders, and provisions for infractions and amendments. The primary objectives of the RSS Facility are to support economic growth in the real sector, increase local production capacity, enhance export potential, generate forex earnings, and create jobs in the country. Eligible beneficiaries must be incorporated or registered in Nigeria and have a sound business plan with viable projects that align with government