BUSINESSEXTRA Osinbajo announces new 5% credit facility for MSMEs
GTBank set to launch services on WhatsApp
Vice President Yemi Osinbajo has announced a new five percent credit facility for Micro, Small and Medium Enterprises (MSMEs) to stimulate the sector.
Speaking at the maiden edition of the national MSMEs award, he said under the programme, operators would be given loans from N2million to N10million with little or no collateral for five or seven years.
Osinbajo also said the government has partnered with the Central Bank of Nigeria and commercial banks to launch a credit facility.
The Vice President said all that the
Guaranty Trust Bank (GTBank) Plc is leveraging the WhatsApp Business Solution to offer an additional channel to MSME operators required was a bankable business proposal and guarantors.
He said the government was also exploring an initiative to allow a special window of 90 days for MSMEs, who have not registered their businesses to do so at a highly subsidized price.
“This is a special initiative of the Corporate Affairs Commission,” the Vice connect with the bank for enquiries, service requests and access to other basic banking services. WhatsApp service will enable customers chat with GTBank on their mobile phones and request for basic banking services President said.
Osinbajo also announce that, in addition to the One-Stop-Shops that have been launched in some states to carry on the MSME Clinics interventions, they will shortly be launching Shared Facilities for MSMEs Initiatives, in partnership with BOI, FIRS, NEXIM, NEPC and the private sector led by Access Bank. using the advised prompts. All service requests will be treated instantly, depending on the internet connection of the user. Commenting on the platform, Chief Executive Officer and Managing Director of the bank, Segun Agbaje said they are passionate about driving constant interaction with customers to learn more about how the bank can serve them better as well as to provide financial solutions that can add real value to their lives.