The total sum of payments made under the Real Sector Support Facility (RSSF) as of Thursday, according to the Central Bank of Nigeria (CBN), is N2.1 trillion.
The announcement was made at 17th Abuja International Trade Fair by CBN spokeswoman Osita Nwanisobi.
A total of N93.39 billion has already been disbursed under the 100 for 100 Policy on Production and Productivity (PPP) to 62 projects, according to him, after N20.17 billion was recently distributed to 14 healthcare, manufacturing, and service projects.
Nwanisobi added that the bank has continued to support the creation of an export-ready market, especially those that would add to Nigeria’s economic growth and development, through her interventions in different sectors of the economy.
‘For the record, under the Real Sector Facility, the bank released the sum of N66.99 billion for 12 additional projects in manufacturing and agriculture. In the Micro, Small, and Medium Enterprises (MSME) sector, the bank supported entrepreneurship development with the sum of N39.26 million under the Tertiary Institutions Entrepreneurship Scheme (TIES), bringing the total disbursement under the intervention to N332.43 million.
“Over the years, the Central Bank of Nigeria has initiated interventions aimed at boosting the fortunes of Small and Medium Enterprises (SMEs) in Nigeria.
These include the SME Credit Guarantee Scheme (SMECGS); the Micro, Small and Medium Enterprises Development Fund (MSMEDF); the Youth Entrepreneurship Development Programme (YEDP); and the Agribusiness/Small and Medium Enterprises Investment Scheme (AGSMEIS), “he said.
He explained that the bank also initiated the Entrepreneurship Development Centres (EDCs), the National Collateral Registry (NCR), the Creative Industry Financing Initiative (CIFI), the Targeted Credit Facility (TCF), the Nigeria Youth Investment Fund (NYIF) and the Tertiary Institutions Entrepreneurship Scheme (TIES), amongst others.
