Power and Airline Intervention Fund (PAIF) has funded over 1,662.3 MW generation capacity with 1,214.3MW being new capacity. It has also re-financed part of the acquisition costs for 29 aircraft for 10 airline companies and provided working capital-related facilities of N16.4 billion for 8 airline companies. The Restructuring & Refinancing Facility (RRF) has helped in stabilizing the SME and Manufacturing sectors through reduced interest burden and extended tenor. Notable businesses financed by the bank through the intervention funds include Ashakem PLC, Paras Energy and Natural Resources and BU Power.
