CBN lending policy will control credit markets- LCCI
The Lagos Chamber of Commerce and Industry, LCCI has said the lending policy of the Central Bank of Nigeria will control the credit markets and boost economic growth and broaden the link between entrepreneurs and the banking industry.
This was made known by the Director-General, LCCI, Muda Yusuf in Lagos.
Mister Yusuf said the new lending policy is corrective measure that will improve credits to the private sector, which struggled with credit access, cost of credit and tenure of funds.
He said it would improve economic inclusion of more SMEs and promote economic diversification in line with the Economic Recovery and Growth Plan.