FirstBank working with Lagos State to offer 2,000 schools single digit loans

First Bank of Nigeria Limited has partnered with Lagos State Employment Trust Fund (LSETF) in a matching fund scheme. According to the Nigeria’s oldest financial institution, the scheme aims to cushion the impact of COVID-19 pandemic on low-cost private schools by ensuring lending at an attractive interest rate. Specifically, the lending scheme is target at 2,000 low budget private schools across the state to access loans of up to N5 million at single digits rates. The programme will provide access to finance where participating schools can each be availed up…

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