A Project Summary Note from Nairametrics on Wednesday detailed the structure, expected impact, and benefits for Nigeria’s trade ecosystem.

The package includes a $170 million Trade Finance Line of Credit (TFLoC) with a 3.5-year tenure for FX liquidity.

Additionally, a $60 million Transaction Guarantee (TG) with a three-year tenure will ensure risk coverage for trade transactions.

The initiative aligns with Nigeria’s 2020-2024 Country Strategy Paper (CSP) and AfDB’s Ten-Year Strategy (TYS) 2024-2033 economic policies.

The Central Bank of Nigeria (CBN) must approve the finance facility before disbursement, ensuring compliance with financial regulations.

Expected benefits include supporting SMEs, enhancing women-owned businesses, and improving access to essential goods during forex liquidity shortages.

As a Tier 1 bank, Access Bank Plc has operations in Africa, France, the UK, UAE, and China.

The post AfDB Plans $230 Million Trade Finance Package for Access Bank to Boost SME FX Liquidity appeared first on Housing TV Africa.