Global Trade Alert
Global Trade Alert

Nigeria: Bank of Industry initiates USD 1 billion loan scheme for MSMEs

Announcement

24 Dec 2020

In December 2020, the Nigerian Bank of Industry concluded a USD 1 billion syndicated term loan for onwards subsidised lending to domestic MSMEs. 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

24 Dec 2020

Revocation date:

No revocation date

Updated: 24 Dec 2020
State loan In force

On 24 December 2020, the Nigerian Bank of Industry (BOI) announced conclusion of a USD 1 billion loan syndication transaction from international markets for onwards lending to domestic MSMEs. The l...

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