Bol to disburse N300bn to SMEs by 2019

Bol to disburse N300bn to SMEs by 2019

In furtherance of its commitment to the growth of Small Medium Enterprises (SMEs) in the country, the Bank of Industry (Bol) says about N300 billion would have been disbursed to the critical sector of the economy by 2019
Acting Managing Director of Bol, Mr.Waheed Olagunju, stated this at the 20th Annual Public Lecture of the Chartered Institute of Personnel Management of Nigeria with the theme ‘‘SMEs as a Catalyst for Sustained Economic Growth in Nigeria,’’ held in Lagos, last week.

Olagunju,who was the Guest Speaker at the lecture, said the N300 billion intervention for SMEs would cover a three year period (2016 to 2019).

He regretted that the weakness of the SMEs has led to the underperformance of the economy over the last 56 years, a situation he said, the bank was trying to reverse through its intervention in different areas of the economy.
Olagunju said that the aim of the loan was to support the government’s efforts at empowering SMEs in the country. Read more

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