fbpx
Business

FG approves $20m tech fund for young innovators

...CBN offers N90bn loan to agric enterprises

The Bank of Industry (BoI) has approved a $20m technology fund for young innovators while the Central Bank of Nigeria (CBN) is offering a N90billion soft loan facility for small scale agriculture enterprises.

Vice President Yemi Osinbajo announced this on Tuesday in Abuja at a meeting to review the progress of the Buhari administration’s effort to support Micro, Small and Medium Enterprises (MSMEs).

“MSMEs though small in units, account for 50% of our GDP collectively. It is why President Muhammadu Buhari is committed to improving the MSME experience with increased access to finance, speedy product registration and certification,” Osinbajo said.

Show More

Leave a comment

Back to top button
%d bloggers like this: