Nigerian Government Begins Giving Out N75 Billion Loans to Small Businesses
Nigerian Government Begins Giving Out N75 Billion Loans to Small Businesses
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Tola Adekunle-Johnson, the Senior Special Assistant to the President on Job Creation, shared the news during a meeting in Ogun, Bauchi, Enugu, and Kaduna states. She explained that businesses can apply for these loans at any Bank of Industry branch. The loans have a low interest rate of 9% and no hidden charges.
The government hopes this loan program will help small businesses grow, innovate, and create jobs in key areas like agriculture, manufacturing, and services.
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