We believe these measures will help to instil a stronger credit culture and unlock access to finance for deserving Nigerians, including those who may not have fixed assets to provide to banks as collateral. 33. Furthermore, to spur bank lending to high-impact sector, the Bank, at its July 2018 MPC, pledged to refund CRR to banks under certain conditions.
In early 2021, the Committee began noting whether the economy was making progress toward our employment and inflation goals, and thus getting closer to decisions on unwinding our highly accommodative policy.