The Central Bank of Nigeria (CBN) has collaborated with the Bankers Committee to help increase the number of job creation in Nigeria. This programme known as the Creative industry financing initiative (CIFI) is part of the promises made by the Federal Government in cobbing unemployment among the youth. The initiative is focused on some major creative industry, such as:
2. Information technology (IT)
3. Music- Music production/distribution
4. Movie- Movie production/ movie distribution
The youth have been advised to apply to access the loan at any of their banks. A copy of a Business plan should be drafted stating the amount needed for the business. The loan is up to 500 million with the maximum interest rate of 9% per annum which include all the charges as applicable to the loan. the period of the loan is up to 10 years maximum.
for more information, you can visit www.cbn.gov.ng