The Bank of Industry said the total amount it disbursed to the Micro, Small and Medium Enterprises segment in the country in 2019 rose by 56.3 per cent to N53bn year-on-year from N33.
9bn disbursed in 2018.
During the year under review, he said, the BoI disbursed a total of N234bn to a total 10,145 enterprises, thereby facilitating the creation of an estimated one million direct and indirect jobs. On loans and advances, the chairman said that despite a slow start in the first quarter of the year due to the build-up to the 2019 general elections, the group recorded a growth of 16.7 per cent from N634.11bn in 2018 to N740.03bn in 2019.
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