'It will catalyze economic growth and advance the Federal Government’s agenda for economic diversification.'
Rising Waters, Sinking Dreams: Devastating impact of floods on Maiduguri local businessesDeluge of Death: Flood leaves Nigerian community in ruinsFloodwaters of Famine: Maiduguri deluge exacerbates Nigeria’s food crisisIreti Kingibe’s claims on first-year constituency projects in FCT had more flaws than factsAll Roar and No Bite: Exposing Nigeria’s Paper Tiger Election LawsThe initiative targets key sectors such as agriculture, infrastructure, energy, and the creative economy.
Governor of the Central Bank of Nigeria, Yemi Cardoso, described the agreement as a transformative approach to development funding, emphasising that it moves beyond traditional interventions by working with third-party service providers. He highlighted that the venture would not only support small businesses but also provide IFC with tools to manage currency risks, enabling expanded investments across Nigeria.“Expanding access to affordable local currency financing for small businesses in Nigeria is essential for IFC to address the increasing demand for diverse funding options and to better manage currency risk.
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