The Presidency through the office of the Vice President, Prof Yemi Osinbajo has approved the provision of N90B soft loan facilities for small scale agricultural enterprises
According to a Press release made Public by the office of the Vice President, the move is "In furtherance of the Buhari administration's drive to support Micro, Small and Medium Enterprises (MSMEs), the Bank of Industries has approved a $20m technology fund for young innovators, while Central Bank of Nigeria is offering a N90 Billion soft loan facility for small scale agriculture enterprises."
This will go a long way in battling the rate of poverty and as well reduce the rate of unemployment in the country. These were of course, 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 President Buhari's administration's efforts to support MSMEs.
It will 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.
It was resolved also, that the National Agency for Food and Drug Administration and Control (NAFDAC) should be more poised than ever to register more Nigerians venturing into the food and drug businesses.
All government agencies playing one role or the other in the MSMEs sector attended the meeting.