Breaking News
Translate

Runsewe commends CBN Governor for Creative Industry Financing Initiative

Kindly Share This Story:

The Director-General of the National Council for Arts and Culture, Otunba Olusegun Runsewe, has commended the Central Bank Governor, Mr. Godwin Emiefele, for developing a Creative Industry Financing Initiative.

Segun Runsewe

Runsewe who gave the commendation in Abuja said the Initiative will allow Investors in the Creative Industry access loan up to Five hundred million naira (¦ 500,000,000) with nine percent (9%) interest rate.

He noted that this initiative will greatly boost the Industry and enhance the capacity of key players in the sector to optimize their potentials.

The NCAC boss also said that more than ten countries of the world have used similar initiative to fight poverty, unemployment, crime, and youth restiveness.

Okowa’s wife lauds Delta Assembly over passage of Sickle Cell Centre Bill(Opens in a new browser tab)

“With this noble and patriotic initiative, the CBN Governor has clearly demonstrated his commitment to President Buhari’s economic development agenda with emphasis on diversification and job creation,” Runsewe said.

He stated that as one of the highest employers of labour, if the Creative Industry is fully developed, it will not only create mass employment, it will also stimulate rapid socio-economic growth and development.

Runsewe called on key players in the Creative Industry to take advantage of the opportunity of the facility to develop and strengthen their businesses.

He also enjoined prospective beneficiaries of the facility to ensure that they comply with the terms and conditions of repayment.

The Creative Industry Financing Initiative was developed by the CBN in collaboration with the Banker’s Commitment.

The Creative Industries that could apply for the loan include Fashion, Information and Technology, Movie Distribution, Music and Software Engineering.

Kindly Share This Story:
All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from VANGUARD NEWS.

Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.
Do NOT follow this link or you will be banned from the site!