FG provides ₦1bn loans to businesses, manufacturers at 9% interest.
The Minister of Finance, Wale Edun, announced that the Federal Government will provide credit facilities up to ₦1bn at a 9% interest rate to businesses, including manufacturers, during an interview on Channels Television’s Sunday Politics. Edun emphasized the government’s recognition of the challenge entrepreneurs face in accessing affordable funds and highlighted the initiative’s focus on ramping up food production and aiding small-scale businesses. He assured Nigerians that food prices would decrease in the coming months, attributing high inflation to global factors but expressing confidence in the government’s measures to address it.
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