Access Bank has announced N50 billion support in the form of interest-free loans and grants to small and medium-sized enterprises (SMEs) to support the rebuilding of businesses affected by #EndSARS protests.
The bank disclosed this information via its Twitter handle last Saturday.
Now more than ever, we remain committed to our purpose of impacting of lives positively.
In the light of the recent occurrences, we will be supporting Nigerian businesses with 50 Billion Naira interest free loans and grants.
— Access Bank Plc (@myaccessbank) October 24, 2020
The impact of the pandemic, coupled with the hijacked #EndSARS protests that led to the looting of businesses and destruction of properties has thrown so many Nigerians into debts.
Therefore, we are announcing that we have set aside a minimum of N50bn (through interest-free loans and grants) to support the rebuilding of businesses and to bring greater opportunities. This will be used to support:
- The communities we live in, the people who protect us, and the spaces that we need as communities to thrive.
- Our micro, small, and medium-sized businesses who employed most Nigerians and feed and educate our children.
- Our young population who represent the future and hope for our nation.
We must heal our wounds and come out stronger so that we can occupy our true position in the world and bring a better future for our children.