In a pivotal move to bolster the nation’s economic backbone, the Federal Government has unveiled a groundbreaking initiative aimed at empowering nano and micro enterprises across Nigeria. Through a strategic partnership between the Bank of Industry (BoI) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), a transformative loan scheme has been established, offering single-digit interest rates tailored to the unique needs of these small-scale businesses. Fostering Financial Inclusion: The BoI-SMEDAN Partnership Democratizing Access to Credit Recognizing the pivotal role played by nano and micro enterprises in driving economic growth and job creation, the collaboration between BoI and … Continue reading Single-Digit Loans for Small Businesses: FG Opens Applications