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Banks to Begin Disbursement of Creative Industry Fund. Posted on June 14, 2019 by admin. ithe bankers committee of the Central Bank of Nigeria on Thursday said it was set to commence the disbursement of funds under the Creative Industry Financing Initiative.
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The Bankers Committee of the Central Bank of Nigeria on Thursday said it is set to commence the disbursement of funds under the Creative Industry Financing Initiative.
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The Bankers Committee of the Central Bank of Nigeria on Thursday said it is set to commence the disbursement of funds under the Creative Industry Financing Initiative. The decision to commence the disbursement of funds under the initiative was made at the end of the committee’s meeting held at the CBN headquarters in Abuja.
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Baba explained that arrangements have been made for the bank to begin direct disbursements to selected beneficiaries/small businesses in the state as intervention fund on behalf of the State.
Essentially, they expect to see a continuation of the downward trajectory in the index, which began. Â The Bank of Industry introduced zero-interest loans for members of the National Youth Service.
He said the AGSMIES fund by December this year will have N90 billion part of which he said will go to support those businesses that are into farming, trading as well as the creative industry.