Nigerian govt begins disbursement of N75 billion loans to MSMEs

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Nigerian govt begins disbursement of N75 billion loans to MSMEs
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“If you need any information, if you are not sure of anything, go to the Bank of Industry.'

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“We are live in Ogun, Bauchi, Enugu, Kaduna states simultaneously. In 2023 President Bola Tinubu approved some funds as palliative to cushion the effects of subsidy removal.“MSMEs can work in to any Bank of Industry from today and apply for this loan. It is a single digit loan. It is nine per cent. It is fixed, no hidden charges.Nigerians need credible journalism. Help us report it.

Earlier, the Managing Director of BOI, Olasupo Olusi, explained that the N200 billion Presidential Intervention Fund for MSMEs and Manufacturing Enterprises was established to support them towards driving economic growth and job creation. “Despite the immense contribution to economic growth, MSMEs struggle to access the necessary funding to reach their full potential.

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