NESG Supports Stabilisation Fund for Nigerias Real Sector and Disco Recapitalisation Efforts

The Nigerian Economic Summit Group (NESG) has backed a stabilisation fund for the real sector, which aims to provide single-digit interest rate loans to manufacturers. The group also supports recapitalisation of discos to improve energy access.

The Nigerian Economic Summit Group (NESG) has expressed support for a stabilisation fund designed to provide low-interest loans to manufacturers through a recapitalization plan for the country's disco sector. The real sector stabilisation fund aims to offer single-digit interest rate loans, which could help alleviate some of the financial strain on Nigeria's manufacturing industry. NESG backs this initiative as a crucial step towards promoting economic growth and stability in the country. By providing access to affordable capital, the fund hopes to stimulate investments and drive productivity in key sectors.