Access Bank Nigeria Plc has announced plans to offer N50billion interest-free credit facility to individuals and businesses.
This amount is in in support of Nigerians through interest-free loans and grants to support communities, youths, and micro, small and medium-sized businesses.
This information was disclosed through its bank official LinkedIn page.
The statement read thus,
“Now more than ever, we remain committed to our purpose of impacting lives positively. In light of the recent occurrences, we will be supporting Nigerian businesses with 50 Billion Naira interest-free loans and grants. Watch this space for more information.”
Why it matters
The impact of the pandemic, coupled with the hijacked #EndSARS protests that led to the looting of businesses and destruction of properties has thrown so many Nigerians into debts.
This show of support from Access Bank will help alleviate and stimulate economic activities, as well as produce many positive multiplier effects on the economy.