The Development Bank of Nigeria says it plans to disburse N150 billion to Micro Small and Medium Enterprises across the country. Nnanna said that the disbursement would be done through participating financial institutions for onward lending to MSMEs across various sectors of the economy. “By and large we have seen some growth across the MSME space because we measure the job creation levels of the money we disburse through our participating financial institutions. Nnanna urged the participating financial institutions to provide the needed aid for MSMEs to continue to grow amidst the prevailing economic challenges in the country. “Consequently, I sincerely believe there is probably more now than ever development financial institutions have to spring into action to come to their aid.

Source: Punch September 11, 2023 20:22 UTC