Access Bank Nigeria Plc being one of the leading and impactful banks poised to help cushion the negative tolls of recent protest crisis has announced plans to offer N50billion interest-free credit facility to individuals and businesses.
Access
Bank Nigeria Plc. has announced N50 billion in support of Nigerians
through interest-free loans and grants to support communities, the
youths, and micro, small and medium-sized businesses.
This information was disclosed by the bank through its official LinkedIn page.
The bank’s official statement read thus,
“Now
more than ever, we remain committed to our purpose of impacting lives
positively. In light of the recent occurrences, we will be supporting
Nigerian businesses with 50 Billion Naira interest-free loans and
grants. Watch this space for more information.”
Why it matters
The
impact of the pandemic, coupled with the hijacked #EndSARS protests
that led to the looting of businesses and destruction of properties has
thrown so many Nigerians into debts.
This
show of support from Access Bank will help alleviate and stimulate
economic activities, as well as produce many positive multiplier effects
on the economy.
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