Borno, BOI partner to raise N1 billion to finance SMEs

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Both parties will contribute N500 million after which the funds will be disbursed as loans to eligible entrepreneurs.

The Borno State government and the Bank of Industry on Wednesday signed an agreement aimed at raising N1 billion to enhance small and medium enterprises in seven selected local government areas of the state.

“Both parties will contribute N500 million after which the funds will be disbursed in form of loans to eligible entrepreneurs,” a statement from the Borno State government house read.

 

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