Nigerian govt begins disbursement of N75 billion loans to MSMEs

The federal government has commenced the disbursement of N75 billion single digit loan to Micro, Small and Medium Enterprises (MSMEs) through the Bank of Industry (BOI).

The Senior Special Assistant to the President on Job Creation and MSMEs, Tola Adekunle-Johnson, made this known in Abuja at a nationwide town hall meeting to sensitise MSMEs to the Presidential Grant and Loan Scheme.

Mrs Adekunle-Johnson explained that the town hall meeting was going on simultaneously in Ogun, Bauchi, Enugu and Kaduna states with a view to educating MSMEs on the conditions for accessing the loan.