JUST IN: CBN Unveils Plans For Non-Interest Facility In ABP And Others

ByPremier Editorial 01

Jun 18, 2020 ABP, Anchor Borrowers’ Programme, CBN, Central Bank of Nigeria, coronavirus pandemic, JUST IN: CBN Unveils Plans For Non-Interest Facility In ABP And Others, Medium Enterprises, MSMEs, Targeted Credit Facility, TCF

The Central Bank of Nigeria (CBN) has announced plan to release a framework for integration of non-interest window in all its intervention programmes, particularly the Anchor Borrowers’ Programme (ABP) and the Targeted Credit Facility (TCF) to support households and Micro, Small and Medium Enterprises (MSMEs) affected by the Coronavirus pandemic.

The Bank also plans to fund the value chains of nine commodities to the tune of N432 billion in the 2020 wet season.