Real Sector Support Facility- Differentiated Cash Reserve Requirement (RSSF-DCRR)
Dangote Oil Refinery- is a 650,000 barrels per day integrated refinery and petrochemical project under construction in the Lekki Free Zone. It is expected to be Africa’s biggest oil refinery and the world’s biggest singletrain facility, upon completion. N80 billion was disbursed under the RSSF-DCRR intervention to support the expansion and infrastructure. The integrated refinery and petrochemical project are expected to generate 9,500 direct and 25,000 indirect jobs.
Health Sector Invention Facility (HSIF)
Marcelle Ruth Cancer Centre & Specialist Hospital - The Marcelle Ruth Cancer Centre and Specialist Hospital was opened to provide easily accessible, world-class cancer treatment in Nigeria. The hospital accessed the HSIF to purchase equipment in its drive to be Nigeria’s first excellent, one-stop centre for the comprehensive treatment of cancer and specialist conditions.
Commercial Agriculture Credit Scheme (CACS) Name: Flour Mills Nigeria Sector: Manufacturing
Flour Mills Nigeria (FMN) - is a diversified Nigerian agribusiness company. The company accessed the Commercial Agricultural Credit Scheme (CACS) for expansion and purchase of equipment for their pasta line factory. The FMN brand started from a single commodity company to a conglomerate, operating in key sectors of the Nigerian economy and employs over 12,000 people.
Creative Industry Financing Initiative (CIFI)
The Central Bank Nigeria (CBN), in collaboration with the Bankers’ Committee, as part of efforts to boost job creation in Nigeria, particularly among the youth, recently introduced the Creative Industry Financing Initiative (CIFI), with a view to improving access to long-term low-cost financing by entrepreneurs and investors in the Nigerian creative and information technology (IT) sub-sectors. The objectives of the Initiative are:
i. Improve access to low-cost and sustainable financing by entrepreneurs and investors in the Nigerian creative and Information Technology (IT) sub-sectors;
ii. Boost job creation, particularly among the youth; iii. Harness the entrepreneurial potentials of youth within the Nigerian creative and information technology (IT) sub-sectors for economic development
Genesis Deluxe Cinemas
Genesis Cinemas is a leading cinema chain operating across Nigeria with key focus on hospitality and entertainment. The company had served over 15 million customers with a strategy to expand to all major cities of the country. N 500 million was disbursed under the Creative Industry Financing Initiative (CIFI) for a new cinema to serve its growing customer base.
Targeted Credit Facility (TCF) Name: Mrs. Tolulope Wale Ogunshola Intervention: TCF Sector: Education
Mrs. Tolulope Wale Ogunshola, the Director, Adelani Nursery, Primary and Secondary School, Lagos, believes that the CBN Targeted Credit Facility (TCF) loan could not have come at a better time as it helped with the payment of staff salaries in year 2020. After the lockdown, part of the funds was used to install infrastructure such as wash basins, purchase sanitizers and masks for students and teachers - in keeping with the COVID-19 guidelines. The relief fund during the pandemic reflected the commitment of the CBN not just to all sectors of the economy but specifically to the education sector which proves the saying ‘children are the future of tomorrow’.
Agri-Business/Small and Medium Enterprise Investment Scheme (AGSMEIS) Name: Damilola Afolorunsho Intervention: AGSMEIS Amount: ₦5,870,000.00 Sector: Fashion
Deck Palazzo, a female fashion brand that produces ‘Ready-toWear’ statement pieces for the confident woman is located in Lagos state and operated by Damilola Afolorunsho. Damilola accessed the CBN Agri-business Small and Medium Enterprise Intervention Scheme (AGSMEIS) loan in the year 2020, which she used to set up a shop, as she previously operated from her home. With the funds, she was able to expand her business capacity by increasing her staff strength, purchasing several standard sewing equipment and fabrics and training start-ups in the art of fashion designing.