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Nairaland Forum / Nairaland / General / Business / A New Funding System Being Developed By The F.G (605 Views)
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A New Funding System Being Developed By The F.G by olajide8(m): 11:41am On Apr 11, 2012 |
Looking and speaking from experience accessing fundings is critical to the sustenance of any business it took government 2years to give fundings to those that pertook in the manufacturers loan revolving scheme of N500billion by the CBN, it has taken me 15months and still I have been waiting for funds to be released after it has been approved, for SME's to be paid in, within a jiffy YOUWIN participants have all received their funds though its certain that 65% of them would fade out over the next 24months as a result of experience, so which century would this new policy take effect, "the federal governments financing for SME's in conjunction with commercial banks, they have failed to note that banks only have short term loans available to them" when the current interests rates are hovering around 28-30%/annum with no moratorium for long time projects in manufacturing are they joking or have they come again to make a mess of our intellect www.theguardianmobile.com/readNewsItem1.php?nid=3614 |
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