ABUJA- Contrary to speculations, the Central Bank of Nigeria (CBN) says it is currently appraising over 200 applications received by it in respect of the N300 billion Real Sector Support Facility (RSSF).
A statement by Alhaji Ibrahim Mu’azu, the Director, Corporate Communications, CBN, made available to Sundiata Post, disclosed that the policy objectives of the RSS Facility are to provide long-term, low-interest financing intervention in support of the real sector of the Nigerian economy to increase output, create jobs and conserve foreign exchange.
He further stated that the appraisal of the applications by Nigerian SMEs for the N300 billion RSS facility was still in progress in strict compliance with the eligibility criteria of the Facility.
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Mu’azu assured that recommendations would be made to management of the Bank for approval as soon as the appraisals were concluded, adding that disbursementwould follow thereafter.
He therefore urged applicants for the RSSF to disregard speculations and exercise patience to enable the apex bank conclude the appraisals.
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