The National Association of Nigerian Traders (NANTS) is ready to collaborate with the Central Bank of Nigeria for critical information dissemination among traders and SME operators, particularly on the palliatives and their accessibility process and criteria for accessing the bank’s intervention funds.
NANTS has called on CBN to shed more light on the general principles of the palliatives and commended its foresight on cushioning the impacts of the Coronavirus on the economy, particularly on the SME sector . The body expressed its satisfaction with the non-collateralization of some aspects of the disbursement by the apex bank meant for traders and other Small and Medium Enterprises (SMEs).
It further charged the CBN to provide effective monitoring of the planned loans and incentives which should target the entrepreneurs operating within the poverty bracket. The association also advised traders and entrepreneurs in the country to make use of the opportunity and ensure timely repayment of accessed loans.
