The Bank of Industry (BOI) said its profit before tax increased from N70.7 billion to N153.81 billion, the highest in its history.
The general manager said each of the 518 beneficiaries got a one-off grant of N150,000 from the fund.
Mr Obaje said each state was allocated $20 million, while the FCT and the NG-CARES got $15 million each.
President Muhammadu Buhari’s regime has restated its commitment to restore the livelihood of poor, vulnerable Nigerians and maintain food security.
President Muhammadu Buhari’s regime has spent N215 million on NG-CARES.
The NG-CARES is a $750 million state-driven initiative backed by the World Bank.
