The federal government has set the obligor limit (the maximum amount that a single applicant can access in relation to its total shareholders fund) for
The government also said investors must meet seven criteria before they can be considered eligible to access the fund.Ms Brenda Attaga, technical adviser to the minister of state for Petroleum Resources, Chief Timipre Sylva, listed the criteria in Abuja on Sunday when she addressed journalists.
Another criterion is the social economic impact of the business plan and what percentage of internally generated revenue it would contribute to the state in which the applicant plans to operate. Others are the financial feasibility of the plan, economic and finance models of the plan and the environmental feasibility of the plan.
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