To aid the impact of intervention funds on the beneficiaries and the economy, the Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Muda Yusuf has called for a review of the funds’ disbursement model. There are intervention funds for manufacturing, aviation, MSME, fashion, textiles, women, agro-allied industries, and cottage industries etc. Many investors acknowledge the impact of the intervention funds on their business. This underscores the need to review the entire model of intervention funds so that these objectives can be better achieved”. They include the Bank of Industry, NEXIM Bank, Infrastructure Bank, Development Bank of Nigeria, and Agricultural Development Bank.

Source: The Guardian April 18, 2018 04:18 UTC