As at the end of December 2010, N199.6 billion had been disbursed to 539 beneficiaries across twelve different sectors of the economy. 23. The N200 billion Small and Medium Scale Enterprises guarantee Scheme established by the CBN in 2010 aims at promoting access to credit by SMEs in Nigeria.
The scheme provides guarantees on loans by banks to the sector in order to absorb some of the risk elements that inhibit banks from lending to the real sector. The activities covered under the scheme include manufacturing and agricultural value chains; SMEs, processing, packaging and distribution of primary products.