Nigeria’s Access Bank Announces N50Bln Interest-free Loans For Businesses

Following the impact of the Covid-19 pandemic, coupled with the hijacked #EndSARS protests that led to the looting and destruction of businesses that has thrown Nigerians and business owners into debts, Nigeria lender, Access Bank, has announced N50 billion in support of Nigerians through interest-free loans and grants.

The loans, the bank said in a statement on it’s official LinkedIn page, is targeted at supporting communities, the youths, and micro, small and medium-sized businesses.

According to the bank; “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.”

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This show of support from Access Bank is expected to help alleviate and stimulate economic activities, as well as produce many positive multiplier effects on the economy.

As a way of supporting SMEs and the working class of the country following the recent damage of properties and livelihoods experienced across the nation, @myaccessbank has rolled out interest free loans of up to N50bn. The fund is expected to serve as a kickstart to these affected communities, people and businesses.


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