Access Bank To Assist SMEs, Others With N50bn Loans

Access Bank Nigeria Plc is set to dole out N50 billion through interest-free loans and grants to support communities, the youths and micro, small and medium-sized businesses in the country.
This is coming on the heels of the impact of the Coronavirus pandemic, coupled with the hijacked #EndSARS protests that led to the looting of businesses and destruction of properties which has thrown so many Nigerians into debts.
According to the bank, it remains committed to its purpose of impacting lives positively.
The bank said, “Now more than ever, we remain committed to our purpose of impacting lives positively.
” In the light of the recent occurrences, we will be supporting Nigerian businesses with N50 billion interest-free loans and grants. Watch this space for more information.”
Economic experts believe that the show of support from Access Bank will help alleviate and stimulate economic activities as well as produce many positive multiplier effects on the economy.