MAN urges CBN to reduce interest rates, says businesses dying

MAN also appealed to the federal government to reconsider the increase in electricity tariff

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“The interest rates charged on industrial loans and other loans released as COVID-19 palliatives should be significantly reduced to one per cent,” he said. Mr Rahman implored the Kwara State Government to improve the energy supply to local industries by introducing a Heavy-Duty Gas-Energy Generation and Distribution Plant exclusively for the state’s industries.PREMIUM TIMES delivers fact-based journalism for Nigerians, by Nigerians — and our community of supporters, the readers who donate, make our work possible. Help us bring you and millions of others in-depth, meticulously researched news and information.

Mrs Adelodun, who represented Governor AbdulRahman AbdulRazaq, said the government resolved to create a conducive environment for manufacturing in the state. In his address, MAN President Francis Meshioye said the relationship between the state government and MAN was cordial and appealed to the government to upgrade infrastructure around the industrial estates.

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