The BOI official further noted that the market trajectory remains positive and disciplined.
The NSDC executive secretary, Kamar Bakrin, on Sunday said the fund aims to provide financing and project development support to viable promoters.
He said that the bank did not only fail to appear, it also failed to submit the required documentation to the committee.
The BoI handed over a 30-room hostel block it built to the College of Medical Science and Technology of the Nnamdi Azikiwe University, Nnewi Campus.
Mr Adama said the project would ease the long queues currently being experienced at existing CNG filling stations
According to the managing director, the loan is repayable over three years.
She stated that the access to finance for SMEs initiative would be launched by Governor Babajide Sanwo-Olu.
SEMA executive secretary Sunday Abdu said during the distribution on Friday that the intervention was from the Bank of Industry (BOI).
He said that the partnership also aligned seamlessly with the BoI’s mission to drive industrial transformation.
The federal government has raised the amount small businesses could access on single digit loans to N5 million to ensure the country’s inclusive economic growth
