- The Nigerian government has revealed that it is working on a scheme that will fast-track loan disbursement to Nigerians in a short time
- The government set a 14-day timeline on which loan small businesses can have access to their loans
- The government said the move is part of Ease of Doing Business in Nigeria to spur growth in the MSME sector
Legit.ng’s Pascal Oparada has reported Tech, Energy, Stocks, Investment and the Economy for over a decade.
The Nigerian government has said it is working towards providing solutions to grant loans to Medium, Small, and Micro enterprises within 14 days.
Speaking at the Inaugural Job Creation and MSME Quarterly Communications Forum, the Senior Special Assistant to the President, Temitola Adekunle-Johnson, said such a move would help reduce the rate at which small businesses close down due to waiting time for fund approval.