Africa Financial Sector Responses to COVID-19 - Niger

Jul 28, 2020

As a Partnership committed to the African financial sector (AFS) development and resilience, Making Finance Work for Africa (MFW4A) has implemented a number of recent initiatives to strengthen the resilience of the African financial sector.

In addition to its webinars series and discussions aimed at identifying the sector's difficulties and solutions, a portal dedicated to domestic and international responses to the impact of COVID-19 on the regional financial sector has been set up.  The exercise consists in monitoring, collecting and classifying by country or region the measures taken by governments, central banks and DFIs in in support of the AFS vis-à-vis the financial impact of the pandemic. 

This page presents measures and initiatives by the Nigerian government, national central bank and Development Finance Institutions (DFIs) in support of a resilient domestic financial sector facing the effects of the COVID-19 pandemic.

Instrument

Institution

Financing volume

Description

Financial support measures for the private sector

Government

USD 250 million

(May 19, 2020) A financing mechanism to support businesses currently affected by the Covid-19 pandemic has been set up by the Government of Niger. Two financing windows have been committed: a window for SMEs with an amount of CFA 50 billion and a window for large enterprises (CFA 100 billion): a total amount of CFAF 150 billion (USD 249.6 million).