CBN, IFC to support Nigerian businesses with over $1 billion

The International Finance Corporation (IFC) and the Central Bank of Nigeria (CBN) have launched an initiative to inject over $1 billion in naira-denominated financing into Nigeria’s private sector.

The initiative targets key sectors such as agriculture, infrastructure, energy, and the creative economy.

The IFC, a member of the World Bank Group, announced this collaboration in a press statement on Monday.