Access Bank Announces N50 Billion Interest-Free Loans, Grants for Nigerians

 

Access Bank announces 50 Billion Interest Free Loan and grants for Nigerians. This is first of it's kind in recent times in Nigeria. 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.”

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.

Therefore, we are announcing that we have set aside a minimum of N50bn (through interest-free loans and grants) to support the rebuilding of businesses and to bring greater opportunities. This will be used to support:

The communities we live in, the people who protect us, and the spaces that we need as communities to thrive. Our micro, small, and medium-sized businesses who employ most Nigerians and feed and educate our children.

Our young population who represent the future and hope for our nation.

We must heal our wounds and come out stronger so that we can occupy our true position in the world and bring a better future for our children.

A lot is happening to improve the well being of Nigerians. This will not come without responsibilities from the citizens also. Like having business name or company registration. The FGN recently announced 250,000 free business registrations too. Let's keep our fingers crossed  to see how Access Bank wants execute this lofty ideas.

Leave a comment on what you think about this Access Bank interest free loan. 

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