He said that reducing the rate was imperative for commercial banks in the country to have enough liquidity to finance entrepreneurs. An investment Analyst, Mr Emmanuel Eze, on Tuesday advised the CBN to reduce lending rate from 14 to 12 per cent for small businesses to thrive in the country.Eze, who is also the Chief Executive Officer of Perfecter Investment Trust, gave the advice in an interview with the News Agency of Nigeria (NAN) in Lagos.He said that reducing the rate was imperative for commercial banks in the country to have enough liquidity to finance entrepreneurs.“Small businesses will be able to access credit facilities at less than 15 per cent from banks and will expand their businesses within a short time frame”“The impact on entrepreneurs will be positive so much that they will be employing young Nigerians thereby reducing the unemployment challenges of our society.
