By Obinna Chima and Nume Ekeghe
Some private sector operators have said the real sector support facility (RSSF) introduced by the Central Bank of Nigeria (CBN) will help boost investment and provide low cost funding for businesses.
The initiative, according to them, would also support the drive towards economic recovery in the country.
The guidelines for accessing the facility through the Cash Reserve Requirements (CRR) and Corporate Bonds (CBs) were unveiled last Thursday.
The activities to be covered under the scheme would be Greenfield (new) and expansion (Brownfield) projects in manufacturing, agriculture and other related sectors approved by the CBN.
The CBN pointed out that emphasis would be placed on Greenfield projects. The facility shall have minimum tenor of seven years and two years moratorium. Also, participating…
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