The International Finance Corporation (IFC) says it has signed an agreement with the CBN to increase local financing to enable private businesses to grow and thrive.
The International Finance Corporation says it has signed an agreement with the Central Bank of Nigeria to increase local financing to enable private businesses to grow and thrive.In a statement on Monday, IFC said the goal of the partnership is to provide more than $1 billion in financing in coming years.
Speaking on the deal, Makhtar Diop, IFC managing director, said the partnership aims to address funding options. “Our partnership with the Central Bank of Nigeria will enhance lending in Nigerian naira, fostering economic growth andOn his part, Olayemi Cardoso, governor of the CBN, said the agreement will go a long way to improving the country’s economic growth.
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