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CBN, Bankers' Committee to Grant N500m Access Loan to Entertainment Industry


Mary Nnah
The Minister of Information and Culture, Alhaji Lai Mohammed has revealed an initiated plan by the Central Bank of Nigeria (CBN) in collaboration with Bankers’ Committee to grant N500m access loan with nine per cent interest rate to support the entertainment industry and stimulate economic growth of the nation.
He disclosed this during the maiden edition of the Nigeria Entertainment and Economic Roundtable event organised by Afrocultour and held in Lagos, with the theme: “Positioning the Creative and Entertainment Industry to Lead Private Sector in Supporting Federal and State Governments Effort at Achieving Urgent Economic Diversification.”
The minister who was represented by the Director of Information, Augustus Ajibade said it is aimed at strengthening the productive base of the economy in a strategic manner. ....

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