See how you can apply for CBN loan for creative industry

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See how you can apply for CBN loan for creative industry
See how you can apply for CBN loan for creative industry

See how you can apply for CBN loan for creative industry – Recently the Central Bank of Nigeria in collaboration with the Bankers’ Committee as part of efforts to boost job creation in Nigeria, particularly among the youth, has developed a Creative Industry Financing Initiative.

The CBN said on Monday that under the CIFI loan initiative, beneficiaries could get up to N500m loans at nine per cent interest rate.

It noted that the creative industries that could apply were fashion, Information Technology, movie production, movie distribution, music and software engineering student loan.

The apex bank stated, “Software engineering student can get a loan of up to N3m, N30m for movie production business, N500m for movie distribution business, cover your rental/service fees for fashion and Information Technology business, cover your training fees, equipment fees, and rental/service fees for music business.”

How to apply for CBN loan for creative industry

Did you know that the Central Bank of Nigeria (CBN) has developed a Creative Industry Financing Initiative (CIFI)?

Interested applicants in the creative industry are advised to submit applications to their banks for approval and disbursement. The initiative has four pillars- Fashion, IT, Movie & Music.

You can get a loan of up to:

– N3m for Software Engineering student;

– N30m for Movie production business;

– N500m for movie distribution business;

– Cover rental/service fees for Fashion and IT business;

– Cover fees for training, equipment, & rental/service for Music business.

Go to any bank of your choice to access the fund. The maximum interest rate of 9.0% per annum is applicable to all loans. For more information, please visit http://www.cbn.gov.ng

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    Lavita Ricca International is a company duely registered under the Coporate Affairs Commission of Nigeria and certified fraud free to do business in Nigeria by the Economic Financial Crimes Commission (EFCC). This is a Nigerian network marketing company founded by Ifeanyi Alex Monye with it’s Head Quarter’s. The company takes pride in the fact that it stands out amongst other network marketing companies. It has the best compensation plan, affordable and effective services, systems that keeps her customers coming back for more. When you join this company, you get more than their outstanding services.
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