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1. N220 BILLION MICRO SMALL
AND MEDUIM ENTERPRISES
DEVELOPMENT FUND
(MSMEDF)
A PAPER PRESENTED DURING AN ACCESS BANK PLC
SEMINAR
‘DEMYSTIFYING BANK LOANS’
BY
DEVELOPMENT FINANCE DEPARTMENT CENTRAL BANK
OF NIGERIA
APRIL 21ST 2016

2. OUTLINE
1. INTRODUCTION
2. PURPOSE
3. FUNDING
4. MODALITY
5. PERFORMANCE
6. FEATURES
7. OTHER INTERVENTIONS
8. CONCLUSION

3. PURPOSE
The Fund is focused on providing
access to finance by the large number
of the un-served and under-served
MSMEs. A minimum of 60% (N132.00
Billion) of the Fund will be committed
to finance women entrepreneurs
because of their enterprising role in
industry despite their high level of
exclusion.

4. FUNDING
The scheme is administered
through a N220 Billion Seed
Fund which was launched on
August 13, 2013.

5. MODALITY
The fund is administered to
PFIs at 2% for on-lending to
beneficiaries at 9% (all
charges in inclusive). With
maximum loan tenure of one
year and five (5) years for
micro and SMEs respectively.

6. PERFORMANCE
The cumulative wholesale
amount disbursed under
the MSMEDF Commercial
Component from inception
to end-December, 2015
stands at N58.999 billion.

7. FEATURES
The Fund is to be disbursed through
Participating Financial Institutions (PFIs)
as follows:
 Microfinance Banks (MFBs)
 Microfinance Institutions (MFIs)
 Financial Cooperatives
 Finance Companies
 Deposit Money Banks (DMBs)/Bank of
Agric. (BOA)/Bank of Industry (BOI)

9. RSSF/SME Refinancing/
Restructuring Facility (RRF)
(2010)
Anchor Borrowers’ Program
2015Small and Medium
Enterprises
Guarantee Scheme
(SMECGS) (2010)
Commercial Agriculture
Credit Scheme (CACS)
(2009)
Nigerian Incentive Based
Risk Sharing System
For Agricultural Lending (NIRSAL)
(2010)
National Microfinance
Policy (2005)
Agricultural Credit
Guarantee Scheme Fund
(ACGSF) (1978) and
Interest Drawback Program (2003)
YEDP/NYSC Award & Enterprenuership
Development
Centres (EDC)
OTHER INTERVENTIONS OF THE CENTRAL BANK
OF NIGERIA
9
CENTRAL BANK
OF NIGERIA
National
Financial Inclusión
Strategy
Power and
Aviation Intervention
Fund (PAIF)
MSME Development Fund
(2013
Nigeria Electricity
Market Stabilization
Facility (NEMSF)
National Collateral
Registry (NCR)

10. CONCLUSION
The Micro Small and Medium Enterprise Development
Fund and other interventions of CBN via Development
Finance Dept. underlines the rational behind
1. The PAVE acronym meaning to
• Produce
• Add value &
• Export
2. Developing the real sector to be a productive tool for
Nigeria’s economic growth and poverty reduction strategy.