THE Ogun State administration has announced a N900 million loan programme for the state’s Micro, Small and Medium Enterprises (MSMEs).
Kikelomo Longe, revealed this during a virtual quarterly stakeholders’ engagement meeting, the Commissioner for Industry, Trade, and Investment,
According to her, the loan is a partnership between the state government and the National Association of Microfinance Banks, and it is available at microfinance banks throughout the state.
In a statement, she said, “I am happy to inform you that the National Association of Microfinance Banks has made the sum of N900m available in the form of a special lending product to entrepreneurs operating in Ogun State.”
The loan facility, according to the commissioner, will build on the successes of the recent MSMEs Business Clinic and supplement other funding opportunities in the state, such as the N1 billion Ogun State Government–Bank of Industry loan and the Ogun State Agricultural and Multipurpose Credit Agency credit facility.
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