Nigerian govt announces release of N78bn to small businesses

Nigerian govt announces release of N78bn to small businesses …C0NTINUE READING HERE >>>

The Nigerian government through the Bank of Industry, BoI, said it disbursed loans amounting to N77.65 billion to businesses especially medium, small and micro-enterprises, MSMEs, in the last nine months of 2024.

The Managing Director of BoI, Olasupo Olusi, disclosed this at an event held on Wednesday in Abuja.

He revealed that the loans were given to MSMEs across the country.

He stressed that MSMEs remained the bedrock of Nigeria’s economy.

According to him: “MSMEs which represent 90 per cent of all businesses, contribute 80 per cent to employment and 50 per cent to Nigeria’s…

>