Africa

FG approves $20m for young innovators, N90bn agric loan for MSMEs

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The Bank of Industry has approved a $20m technology fund for young innovators.  The Central Bank of Nigeria is also offering a N90bn soft loan facility for small scale agriculture enterprises. These were decided yesterday at a meeting chaired by Vice President Yemi Osinbajo to review progress on the present administration’s efforts to support Micro, Small and Medium Enterprises. Osinbajo’s spokesman, Laolu Akande, said the moves were in furtherance of the Buhari administration’s drive to support MSMEs. Akande said the National MSMEs clinics driven by Osinbajo had reached 26 states, with more clinics to come in the series.

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