Nigeria Government and the Bank of Industry on Tuesday gave out interest-free loans to traders in various markets across Lagos.
The Executive Director, Bank of Industry, Toyin Adeniji, said the move would empower market men and women to expand their businesses, and contribute to the overall growth of the nation’s economy through a significant rise in commercial activities.
The Chief Operating Officer, Government Enterprise and Empowerment Programme, Uzoma Nwagba, said the loans had been made flexible to accommodate as many petty traders as possible.
According to him, the exercise will be a continuous one in markets across the country with agents stationed in such places to educate small business owners how to take advantage of it.
Tags: Economy, Federal Government, SMEs