AfDB, FCMB Sign $50m Line Of Credit Agreement For SMEs

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AfDB, FCMB Sign $50m Line Of Credit Agreement For SMEs
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“The African Development Bank is pleased to partner with FCMB, a financial institution that has continuously demonstrated commitment to supporting and

financing small and medium-sized enterprises and women entrepreneurs. This collaboration will further expand FCMB’s financial support to this underserved group and contribute to the growth of the Nigerian economy,” said , the AfDB’s director general, Nigeria Country Department, Lamin Barrow.

Barrow said the focus and objectives of the Bank’s collaboration with FCMB are in line with the African Development Bank’s strategic priorities of promoting gender inclusivity, private sector development, industrialisation, food security, and job creation in the Bank’s regional member countries as encapsulated in the Bank’s High-5 strategic priorities to ‘Industrialise Africa’, and ‘Feed Africa’.

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