CBN issues implementation framework for national gas expansion programme

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The Central Bank of Nigeria (CBN) has introduced the  N250 billion intervention facility to help stimulate investment in the gas value chain.
According to the apex bank, the large-scale projects under the intervention would be financed under the Power and Airlines Intervention Fund (PAIF), in line with existing guidelines regulating the PAIF, while small-scale operators and retail distributors will be financed by the NIRSAL Microfinance Bank (NMFB) and / or any other Participating Financial Institution (PFI) under the Agribusiness/Small and Medium and Medium Enterprises Investment Scheme (AgSMEIS).
CBN said the initiative was to be implemented in collaboration with the Ministry of Petroleum Resources (MPR).
See full framework for the implementation of Intervention Facility for the National Gas Expansion Programme here:
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