Shettima lauds Access Bank’s N30bn discounted loans to 700,000 MSMEs

Vice President Kashim Shettima has commended Access Bank for offering N30billion discounted loans to 700,000 micro small, and medium enterprises (MSMEs) in support of the Tinubu administration’s agenda for job creation and the growth of the MSME space.

Shettima disclosed this at a meeting with MSME stakeholders comprising key actors from the public and private sectors, at the Presidential Villa.

The vice president added that the Access Bank loan scheme would commence as soon as possible.

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“Every challenge, every problem is pregnant with opportunities for value addition and repositioning of the society. I just met with the management of Access Bank and we had extensive discussions. They have offered to provide a N30billion support to MSMEs, focusing mostly on the youth and women as target beneficiaries. They are going to give these loans at 15 per cent interest rate,” the vice president announced in a statement on Saturday by his spokesman, Stanley Nkwocha.