The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has signed an agreement with Sterling Bank Plc aimed at providing N5bn single digit interest loan to small businesses in the country.
Speaking during the signing of the pact at SMEDAN’s headquarters on Wednesday in Abuja, the Director-General of the Agency, Mr Charles Odii, said the deal, which is expected to come into force in two weeks time, is to provide access to finance to about 10,000 Small and Medium Enterprises (SMEs).
