The Central Bank of Nigeria‘s Bankers Committee is now ready to start disbursing loans to SMEs in the creative industry under the Creative Industry Financing Initiative.

This was made known at the committee’s meeting, which was held at the CBN headquarters in Abuja on Thursday.

According to the CBN, enterprises belonging to the industries of fashion, information technology, movie production, movie distribution, music and software engineering are eligible to apply.

Interested applicants are required to prepare a business plan or proposal on how much is needed for such a business and submit applications to their banks for approval and disbursement.