Ideas that are being considered include contingent credit lines, embedded call options, debt-service insurance, bond covenants, bankruptcy procedures, debt standstill and creditor-debtor councils. Basically, these mechanisms bind private sector participants to either provide additional funds, or reduce debt service burdens in times of crisis without creating moral hazard or disrupting the normal market conditions.
Financial inclusion and entrepreneurship development The Central Bank of Nigeria (CBN) appreciates the fact that financial access, inclusion and literacy are cornerstones for reducing poverty.