FG approves $20m tech fund for young innovators
.To provide N90bn soft loan for small scale Agric enterprises
In furtherance of the federal government drive to support Micro, Small and Medium Enterprises (MSMEs), the Bank of Industry has approved a $20 million technology fund for young innovators, while the Central Bank of Nigeria (CBN) is offering N90 billion soft loan facility for small scale agriculture enterprises. These were some of the outcomes of a meeting at the Presidential Villa, Abuja, which was presided over by Vice President Yemi Osinbajo, on Tuesday to review progress on the Buhari administration’s efforts to support MSMEs.
It would be recalled that the National MSMEs clinics driven by the Vice President has now reached 26 States, with more Clinics to come in the series.
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Also, the National Agency for Food and Drug Administration and Control (NAFDAC) is now poised more than ever to register more Nigerians venturing into the food and drug businesses.
All Federal Government agencies playing one role or the other in the MSMEs sector attended the meeting.
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