2016-07-18 | DFD/ IFO/ GEN/ IM/ 03/ 096

N300 billion Power and Airline Intervention Fund (PAIF) Revised Guidelines (Amendment 8)

The Central Bank of Nigeria has approved an investment of N500 billion to catalyze financing for the country's real sector, with N300 billion allocated for power and airline projects. The Bank of Industry will manage the fund, offering long-term loans, refinancing of existing loans and leases, and working capital for eligible power and airline companies. The fund will be administered at an "all-in" interest rate of no more than 9% per annum, with participating financial institutions, the managing agent, and the sponsor each receiving a portion of the interest.

Nigeria

Central Bank of Nigeria

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