FG Is Giving 500 Million Naira Loans To Upcoming Artists & Filmmakers, CHECK DETAILS

In a move to boost the entertainment industry, Central Bank of Nigeria has set up a financing initiative to help upcoming musicians and filmmakers. 

The initiative known as the Creative Industry Financing Initiative (CIFI) will give loans ranging from 3 million naira to 500 million naira. 


CIFI was announced today on Twitter by the AsoRock social media account. 

Here’s the official statement below. 

Did you know that the @cenbank has developed a Creative Industry Financing Initiative (CIFI)? Interested applicants in the creative industry are advised to submit applications to their banks for approval & disbursement. The initiative has four pillars- Fashion, IT, Movie & Music.

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