The Federal Government is offering loan facilities up to N1 billion at a nine per cent interest rate to businesses, including manufacturers, the Minister of Finance and Coordinating Minister of the Economy,
He said small-scale entrepreneurs could access up to N1million in credit facility and larger enterprises up to N1billion. The minister also said the focus was on addressing food insecurity and nutrition, as well as increasing food production.That is being rolled out and it’s being done in a manner which, as I said before, is a world-class standard where you identify biometrically the person that is the beneficiary and you pay them through a digital process which you can easily reconcile.
The minister also assured that food prices would fall in the coming months, stating that the government has allocated special funding for infrastructure to boost agricultural output.
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