Central Banking

Central Bank of Nigeria inks deal to set up credit fund for small businesses

Godwin Emefiele

The governor of the Central Bank of Nigeria (CBN) has come under fire for not doing enough to ensure that the country's small businesses have sufficient access to credit, shortly after inking a deal to set up a fund devoted to the task.

Godwin Emefiele, who announced a raft of measures to promote economic development when he took office in June, was on Monday accused by the Centre for Social Justice, an Abuja-based non-profit organisation, of moving too slowly on his "earlier promise" to reduce

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