August 19, 2014
President Goodluck Jonathan will begin the disbursement of the N220 billion ($1.3 billion) Micro, Small and Medium Enterprises (MSME) development fund to eligible entrepreneurs.

The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, made this known Monday in Abuja at the 8th annual Micro, Small and Medium Enterprise Financing Conference and Entrepreneurship Award.

Emefiele said that the president would perform the ceremony at Sheraton Hotel, Abuja, venue of the two-day conference with “MSME financing in Nigeria: Past, Present and Future” as theme.

He said that the theme was conceptualized to look at MSME finance sub-sector from a holistic perspective.

According to him, since the economy has been driven by growth in the non-oil sector, there is the need to provide affordable and efficient finance services for MSMEs.

“In the last seven years, our economy expanded by seven per cent and in the first quarter of 2014, the real Gross Domestic Product grew by 6.2 per cent, mainly driven by an 8.2 per cent growth in the non oil sector.

Click the link to read more
http://enterprise54.com/nigeria-kicks-off-disbursement-of-1-3bn-fund-to-entrepreneurs/

Hope the money will not disappear into the PROXY Companies of the very people entrusted to disburse them to the general public...

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