CBN’s 27% Rate Cut Falls Short in Relieving Credit Struggles, MSMEs Stakeholders Warn
The Organised Private Sector (OPS) has welcomed the recent 27 percent reduction in interest rates but maintains that this measure alone falls short of alleviating...
The Organised Private Sector (OPS) has welcomed the recent 27 percent reduction in interest rates but maintains that this measure alone falls short of alleviating the credit challenges faced by businesses. Segun Ajayi-Kadir, Director-General of the Manufacturers Association of Nigeria (MAN), emphasized that manufacturers require borrowing rates in the single digits-around five percent-to effectively boost...