Over 700,000 Nigerian Businesses Race for Share of FGs N150bn Loan [Video]

• Hundreds of thousands of businesses in Nigeria are set to receive relief funds from the federal government
• The loans set to be disbursed by the government is initiated to aid businesses deal with the current economic hardship
• According to the FG, over 700,000 enterprises have already shown interest and are ready to collect the loans

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Legit.ng journalist Victor Enengedi has over a decade’s experience covering Energy, MSMEs, Technology and the Stock Market.

Approximately 700,000 manufacturers and micro, small, and medium enterprises have shown interest in accessing the Federal Government’s N150 billion loan designed to support businesses in Nigeria through the ongoing economic challenges.

Doris Aniete, the Minister of Industry, Trade, and Investment, disclosed this information and emphasized that the ministry is diligently working to ensure the timely disbursement of funds to qualifying businesses.