International funders coming with single-digit interest loans

An organised private sector group, Eko Business Dinner,is bringing international funders ready to offer Nigerians loans on single  interest digit.

Its Head of Operations,Mr. Chime Nwagbara,  said  reducing bank lending rates to single-digit levels will benefit most businesses.

He said with the recession,  businesses which are the lifeblood of the economy need cheap loans to enable them survive the economic crisis.

He said the organisation is ready to support the government’s  efforts to gradually lower the cost of borrowing, which they hope will stimulate economic growth.

According to him, his organisation is partnering with financial service providers in Europe and Asia by offering single-digit interest rates and are ready to support local Nigerian companies seeking cheap funds to finance their projects.

He said the loans would support energy, transport, communications and water investment opportunities.

Source: The Nation

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