- The Bank of Industry and the Small and Medium Enterprises Development Agency of Nigeria have signed a new deal
- The deal involves offering a single-digit lending rate to nano and micro enterprises in Nigeria
- According to the agreement, micro-companies can obtain up to N2.5 million, while nano-businesses can get up to N1.5 million
Legit.ng journalist Zainab Iwayemi has over three years of experience covering the Economy, Technology, and Capital Market.
The Bank of Industry (BoI) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have struck a Memorandum of Agreement (MoA) to pool N1 billion and offer single-digit lending rates to nano and micro enterprises in Nigeria.
