Parallex Bank Extends N4bn Loan Facility to Lagos Local Councils

Theinfostride | 29-05-2026 11:57am |

Parallex Bank has officially launched a N4 billion credit facility intended for local government councils in Lagos State. This financial support aims to enhance grassroots development and stimulate economic activities throughout the region. The initiative underscores the bank's commitment to subnational financing, providing local councils with the necessary resources to fulfill their infrastructure and social service responsibilities effectively.

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