Access Bank’s Group Managing Director, Herbert Wigwe has revealed how the bank will help Nigerian businesses weather Covid-19 pandemic.

He said; “Help Access Bank Plc increase its liquidity to several Nigerian small and medium-sized enterprises (SMEs) navigating the economic challenges of COVID-19.”

“In Nigeria, SMEs contribute over 45 per cent of national GDP, account for about 96 per cent of businesses and 84% of employment. Access Bank, therefore, recognizes the importance of SMEs to economic stability and is going the extra mile to ensure that such businesses are adequately financed to weather these testing times.”

“IFC’s funding will not only enable us to extend financial relief to our clients across all sectors during the pandemic but beyond the COVID-19 crisis as well. Our partnership with IFC will help Nigerian businesses weather COVID-19 and set a course for recovery.”

“The funds from the loan, made through IFC’s global COVID-19 ‘Fast-track Financing Support Package’ will enable Access Bank to provide increased trade financing and working capital lending to their business clients experiencing disrupted cash flows, supporting business activity and preserving jobs.”