CBN should force banks to borrow to SME only at single digit interest rates. The banks should be compensated with other concessions. Banks in Nigeria today don’t do much borrowing to SME. So, where are people who don’t have capital expected to get it from? In other countries you have car loans, mortgage loan to…… Continue reading CBN, Make Banks Give Car, Housing, Student, & SME Loans At Low Interest
These days there is little money in the system (no liquidity). Crude oil, which should have given Nigeria easy liquidity has crashed. The consequences of this are clear for everyone. Nigeria needs cash to stimulate spending, short term borrowing and investment, boosting the economy. One thing that would work is for the CBN to reduce…… Continue reading Buhari Administration Should Reduce Capital Base To N20Billion To Boost Consumer Spending
After beginning market-driven currency trading, CBN Iis hopeful Naira’ll settle at … Read more at the link.