Regulatory Alerts2016-01-26 | DFD/DIR/GEN/RSSF/02/001Added · Updated
Revised Guidelines of the Real Sector Support Facility
The Central Bank of Nigeria (CBN) has established the Real Sector Support Facility (RSSF) to boost economic growth and productivity. The RSSF offers loans with a maximum tenor of 10 years to eligible businesses in priority sectors, such as agriculture and manufacturing, to support start-up and expansion financing needs. The interest rate for these loans is set at 9% per annum, with participating financial institutions, including deposit money banks, responsible for appraising and approving loan requests based on standard business practices and due diligence.
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