Ogun State Government,BOI Grant Loan To SMEs

Business News (Finance) –The Ogun State Government of Nigeria in collaboration with the Bank of Industry (BOI) will present cheques to the 2nd batch of beneficiaries of the OGSG-BOI loan scheme on Tuesday, 15th January 2013.
This the government said, “In continuation of efforts to empower more Micro, Small and Medium Enterprises (SMEs)”.
Commissioner for Commerce and Industry, Otunba Bimbo Ashiru will conduct the presentation exercise at the conference hall of the Trade Fair Complex, Oke-Mosan, Abeokuta, the state capital at 11AM.
The programme, aimed at rejuvenating and empowering indigenous entrepreneurs as well as youths desirous of being self-employed will have a total of 10 cooperative societies comprising 100 entrepreneurs benefiting.

Last year, the State Government through the Ministry of Commerce and Industry had in collaboration with the Bank of Industry floated a N1b revolving loan scheme for the benefit of the SMEs towards ensuring the industrial growth of the State.
The State Government contributed N500m as its counterpart fund to the scheme.-ChannelsTv

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