Access Bank Plc will on Monday next week issue a guideline for accessing the N50 billion interest-free free loan and grant for small and medium sized enterprises and youth affected by the #EndSARS crisis.
Herbert Wigwe, Group managing director/CEO disclosed this to BusinessDay by phone interview at the weekend.
“Before Monday we will push out the guidelines so that it will start next week. It is for those small and medium scale enterprises who have suffered from the #EndSARS crisis, to give them to help to rebuild at zero interest and also it will be available to the youth,” he said.
The bank has set aside a minimum of N50 billion interest-free loans and grants to support communities, Micro, Small and Medium sized businesses and the youth.
The bank disclosed this at the weekend through its official LinkedIn page.
Last week saw businesses shut down, lives lost and several properties destroyed after the hoodlums hijacked the peaceful protest against the Special Anti-Robbery Unit (SARS) and police brutality by the Nigerian youth across the country.
“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,” the bank said.
Join BusinessDay whatsapp Channel, to stay up to date
Open In Whatsapp
