07

Dec

FG, Banks To Disburse N75bn Palliatives Loan To Manufacturers.

The Federal Government has partnered with commercial institutions to provide manufacturers with N75 billion through the Presidential Palliative Loan Programme. Beneficiary manufacturers are those that have undergone evaluation by the financial institutions and fulfilled all criteria for disbursement. Each manufacturer is eligible for a maximum of N1 billion, contingent upon the scale of their operations. In an effort to mitigate the effects of the fuel subsidy removal, the Presidential Palliative Loan Programme and the Presidential Conditional Grant Programme had just commenced. Beneficiaries of both initiatives are obligated to fulfill specific prerequisites prior to receiving approval or withdrawal. A benefiting nanobusiness […]